The call money market deals in: MCQ with Answer and Explanation

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The call money market deals in:

A. very short-term interbank funds, usually overnight

B. long-term government securities

C. corporate equity shares

D. foreign exchange only

Answer: Option A

Solution (By JKSSB Mock Tests)

The call money market deals in very short-term interbank funds, often overnight.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Disguised Unemployment' implies that:

A. More people are engaged in a task than required, with marginal productivity close to zero

B. Workers are employed in high-productivity jobs

C. Unemployment is due to seasonal factors only

D. Workers are unemployed and actively seeking jobs

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Correct Answer: Option A

Explanation:
Disguised unemployment exists when the removal of some workers does not reduce total output, typically found in agriculture in developing countries.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on wind turbines is:

A. 18%

B. 5%

C. 12%

D. 28%

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Correct Answer: Option B

Explanation:
Wind turbines attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on software services is:

A. 5%

B. 28%

C. 12%

D. 18%

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Correct Answer: Option D

Explanation:
Software services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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