The 'Credit Information Bureau (India) Limited' is commonly known as: MCQ with Answer and Explanation

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The 'Credit Information Bureau (India) Limited' is commonly known as:

A. ICRA

B. CARE

C. CRISIL

D. CIBIL

Answer: Option D

Solution (By JKSSB Mock Tests)

Credit Information Bureau (India) Limited is known as CIBIL.

This question belongs to: Economy GK Economy Set 1

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Question #1

Tax revenue of the central government is classified under:

A. non-tax revenue

B. capital receipts

C. borrowings

D. revenue receipts

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Correct Answer: Option D

Explanation:
Tax revenue is a revenue receipt.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following indices is used by the RBI as the nominal anchor for monetary policy in India?

A. Producer Price Index

B. GDP Deflator

C. Consumer Price Index (Combined)

D. Wholesale Price Index

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Correct Answer: Option C

Explanation:
Under the Flexible Inflation Targeting framework, the RBI targets CPI-Combined inflation as the nominal anchor for monetary policy.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Algorithmic Transparency' refers to:

A. The complete secrecy of all algorithms

B. The degree to which the functioning, criteria and effects of algorithms used by platforms or public authorities can be understood and scrutinised

C. Only human decision-making without algorithms

D. Only the source code of open-source software

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Correct Answer: Option B

Explanation:
Algorithmic transparency concerns the extent to which the logic, data and outcomes of algorithmic systems are open to inspection, explanation and accountability by users, regulators or the public.

This question belongs to: Economy GK Economy Set 1

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