The concept of 'Capital Account Liberalisation' involves: MCQ with Answer and Explanation

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The concept of 'Capital Account Liberalisation' involves:

A. Only the liberalisation of the current account

B. The imposition of new capital controls

C. Only the liberalisation of trade in goods

D. The removal or relaxation of restrictions on cross-border capital flows

Answer: Option D

Solution (By JKSSB Mock Tests)

Capital-account liberalisation refers to the reduction or elimination of legal barriers to the free movement of capital across national borders.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on aerated drinks is:

A. 12%

B. 5%

C. 28% plus cess

D. 18%

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Correct Answer: Option C

Explanation:
Aerated drinks attract 28% GST plus compensation cess.

This question belongs to: Economy GK Economy Set 1

Question #2

Currency with the public plus demand deposits is called:

A. high-powered money

B. reserve money

C. broad money

D. narrow money

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Correct Answer: Option D

Explanation:
Currency with the public plus demand deposits is narrow money, M1.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Pradhan Mantri Ujjwala Yojana' was launched in:

A. 2016

B. 2014

C. 2018

D. 2017

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Correct Answer: Option A

Explanation:
PMUY was launched in 2016.

This question belongs to: Economy GK Economy Set 1

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