The concept of 'Opportunity Cost of Holding Money' is related to: MCQ with Answer and Explanation

Question
The concept of 'Opportunity Cost of Holding Money' is related to:
A. The cost of producing goods
B. The cost of banking services only
C. The cost of printing money
D. The interest forgone by holding cash instead of interest-bearing assets
Answer: Option D
Solution (By JKSSB Mock Tests)
The opportunity cost of holding money is the interest income that could have been earned by holding interest-bearing assets instead of cash.
This question belongs to: Economy GK Economy Set 1
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'Sukanya Samriddhi Yojana' is a savings scheme for:
A. girl child
B. farmers
C. senior citizens
D. unemployed youth
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Sukanya Samriddhi Yojana is a savings scheme for the girl child.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a form of public enterprise based on ownership and organisation?
A. Only cooperative societies without government ownership
B. Departmental undertaking, public corporation and government company
C. Only private limited companies with no government share
D. Only foreign multinational corporations
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Public enterprises may be organised as departmental undertakings, statutory public corporations or government companies in which the government holds a majority stake.
This question belongs to: Economy GK Economy Set 1
Question #3
Who is the ex-officio Chairperson of NITI Aayog?
A. President
B. Vice President
C. Finance Minister
D. Prime Minister
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Prime Minister is the ex-officio Chairperson of NITI Aayog.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Computer 5279 Static General Knowledge 6362 English 15164 Accountancy and Statistics 3179 Science 4430
Practice Mix
In electronic scanning metrics, what does OCR stand for?
Which National Waterway connects Kottapuram and Kollam in Kerala?
Which Indian state presents the 'Biju Patnaik Award' for scientific excellence?
A suspense account with a credit balance indicates that:
Which factor controls the rate of decomposition of organic matter in soil?