The 'Coinage Act' in India is administered by: MCQ with Answer and Explanation

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The 'Coinage Act' in India is administered by:

A. Government of India

B. SBI

C. RBI

D. SEBI

Answer: Option A

Solution (By JKSSB Mock Tests)

Coins are issued by the Government of India under the Coinage Act.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Tribunals for other matters' are established under which article?

A. Article 323A

B. Article 324

C. Article 329

D. Article 323B

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Correct Answer: Option D

Explanation:
Tribunals for other matters are established under Article 323B.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'GST Council' is chaired by the Union Finance Minister and includes which other representatives?

A. SEBI chairman

B. state finance ministers

C. all state chief ministers

D. RBI governor

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Correct Answer: Option B

Explanation:
The GST Council includes state finance ministers as members, chaired by the Union Finance Minister.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Liquidity Coverage Ratio' under Basel III?

A. It applies only to non-bank financial institutions

B. It measures only long-term funding stability

C. It is related only to capital adequacy

D. It requires banks to hold sufficient high-quality liquid assets to cover net cash outflows over 30 days

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Correct Answer: Option D

Explanation:
The Liquidity Coverage Ratio (LCR) requires banks to maintain an adequate stock of unencumbered high-quality liquid assets that can be converted into cash to meet liquidity needs for a 30-calendar-day stress scenario.

This question belongs to: Economy GK Economy Set 1

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