The 'credit rating agency' that is a full form of CRISIL is: MCQ with Answer and Explanation

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The 'credit rating agency' that is a full form of CRISIL is:

A. Credit Research and Investment Services of India Limited

B. Central Rating and Investment Services of India Limited

C. Credit Rating and Investment Services of India Limited

D. Credit Rating Information Services of India Limited

Answer: Option D

Solution (By JKSSB Mock Tests)

CRISIL stands for Credit Rating Information Services of India Limited.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Immediate Payment Service' is an interbank electronic fund transfer service available:

A. 24x7

B. only during banking hours

C. only at branches

D. only on weekdays

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Correct Answer: Option A

Explanation:
IMPS is available 24x7 for instant interbank fund transfers.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of public finance, the 'Median Voter Theorem' predicts that:

A. Under certain conditions, the outcome of majority voting will reflect the preference of the median voter

B. Voting never produces consistent outcomes

C. Only unanimous decisions are possible

D. The outcome always reflects the preference of the richest voter

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Correct Answer: Option A

Explanation:
The median voter theorem states that if preferences are single-peaked, majority rule yields the outcome most preferred by the median voter.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Monetary Fund' in India provides advice on:

A. elections

B. criminal justice

C. defence strategy

D. macroeconomic policy and balance of payments

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Correct Answer: Option D

Explanation:
IMF advises on macroeconomic policy and balance of payments.

This question belongs to: Economy GK Economy Set 1

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