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

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The call money market deals in:

A. foreign exchange only

B. very short-term interbank funds, usually overnight

C. long-term government securities

D. corporate equity shares

Answer: Option B

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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Practice More Economy Set 1 Questions

Question #1

The 'Rupay Kisan Card' is a:

A. gift card

B. debit card for farmers

C. forex card

D. credit card

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Correct Answer: Option B

Explanation:
Rupay Kisan Card is a debit card for farmers.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on e-books is:

A. 18%

B. 12%

C. 5%

D. 0%

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Correct Answer: Option C

Explanation:
E-books attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Habit-Formation' models of consumption?

A. Only permanent income matters

B. Utility depends only on current consumption

C. Habits are irrelevant for saving behaviour

D. Current utility depends on current consumption relative to a habit stock formed by past consumption

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Correct Answer: Option D

Explanation:
Habit-formation models allow current utility to depend on the deviation of current consumption from a habit level determined by past consumption, generating persistence in consumption growth.

This question belongs to: Economy GK Economy Set 1

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