The 'Comptroller and Auditor General' of India submits audit reports to: MCQ with Answer and Explanation

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The 'Comptroller and Auditor General' of India submits audit reports to:

A. RBI Governor

B. Finance Minister

C. President

D. Prime Minister

Answer: Option C

Solution (By JKSSB Mock Tests)

CAG submits audit reports to the President or Governor.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'National Income Committee' was chaired by:

A. V.K.R.V. Rao

B. P.C. Mahalanobis

C. D.R. Gadgil

D. C.R. Krishnaswamy

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Correct Answer: Option B

Explanation:
The National Income Committee was chaired by P.C. Mahalanobis.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Carry Trade' strategy in foreign-exchange markets?

A. Borrowing in a low-interest-rate currency and investing in a high-interest-rate currency

B. Borrowing in a high-interest-rate currency and investing in a low-interest-rate currency

C. Only trading on the basis of purchasing-power parity

D. Only hedging all exchange-rate risk

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Correct Answer: Option A

Explanation:
A carry trade involves borrowing funds in a currency with a low interest rate and investing them in a currency with a higher interest rate, thereby earning the interest differential while remaining exposed to exchange-rate risk.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Pradhan Mantri Kaushal Vikas Yojana' is implemented by:

A. National Skill Development Corporation

B. RBI

C. NABARD

D. SEBI

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Correct Answer: Option A

Explanation:
PMKVY is implemented by the National Skill Development Corporation.

This question belongs to: Economy GK Economy Set 1

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