The 'bank rate' in India is currently aligned with: MCQ with Answer and Explanation

Question

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The 'bank rate' in India is currently aligned with:

A. repo rate

B. MSF rate

C. CRR

D. reverse repo rate

Answer: Option B

Solution (By JKSSB Mock Tests)

The bank rate is aligned with the MSF rate.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the long-run average cost curve under constant returns to scale?

A. Horizontal

B. Continuously rising

C. U-shaped due to fixed factors

D. Continuously falling

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Correct Answer: Option A

Explanation:
Under constant returns to scale, long-run average cost remains constant as output expands, resulting in a horizontal LAC curve.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'population density' in India is measured as:

A. persons per house

B. persons per village

C. persons per state

D. persons per square kilometre

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Correct Answer: Option D

Explanation:
Population density is persons per square kilometre.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Integrated GST' on interstate supply is collected by:

A. the local body

B. the exporting state

C. the Central Government

D. the consuming state directly

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Correct Answer: Option C

Explanation:
IGST is collected by the Central Government and then apportioned between Centre and states.

This question belongs to: Economy GK Economy Set 1

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