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

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

A. MSF rate

B. repo rate

C. reverse repo rate

D. CRR

Answer: Option A

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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Practice More Economy Set 1 Questions

Question #1

The 'International Development Association' lends mainly to:

A. private corporations

B. developed countries

C. poorest developing countries on concessional terms

D. central banks

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Correct Answer: Option C

Explanation:
IDA provides concessional loans and grants to the world's poorest countries.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a component of Current Account in the Balance of Payments?

A. Trade in services

B. Unilateral transfers

C. Trade in goods

D. Foreign direct investment

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Correct Answer: Option D

Explanation:
Foreign direct investment is a component of the Capital Account. Current Account includes merchandise trade, invisibles (services), and unilateral transfers.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Digital India' programme includes which of the following pillars?

A. Digital infrastructure, governance and digital empowerment

B. Only agriculture

C. Only defence

D. Only manufacturing

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Correct Answer: Option A

Explanation:
Digital India rests on digital infrastructure, digital governance and digital empowerment.

This question belongs to: Economy GK Economy Set 1

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