The concept of 'Seigniorage' is most closely related to: MCQ with Answer and Explanation

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The concept of 'Seigniorage' is most closely related to:

A. The real resources obtained by the government through the issue of base money

B. Revenue from disinvestment

C. Tax revenue from income tax

D. Interest payments on public debt

Answer: Option A

Solution (By JKSSB Mock Tests)

Seigniorage is the purchasing power that the government obtains by issuing base money; it equals the real value of the increase in base money.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' rate on railway passenger transport is:

A. 0%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option A

Explanation:
Railway passenger transport is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

PM-KISAN provides income support to farmer families of how much per year?

A. Rs 6,000

B. Rs 10,000

C. Rs 12,000

D. Rs 2,000

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Correct Answer: Option A

Explanation:
PM-KISAN provides Rs 6,000 per year in three equal instalments to eligible farmer families.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a method of privatisation?

A. Nationalisation

B. Strategic sale

C. Public-private partnership

D. Disinvestment of shares

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Correct Answer: Option A

Explanation:
Nationalisation is the opposite of privatisation; it involves taking private assets into public ownership. Privatisation methods include disinvestment, strategic sale and PPP.

This question belongs to: Economy GK Economy Set 1

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