The 'currency board' system is a form of: MCQ with Answer and Explanation

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The 'currency board' system is a form of:

A. managed float

B. free float

C. floating exchange rate

D. fixed exchange rate with full backing of domestic currency by foreign reserves

Answer: Option D

Solution (By JKSSB Mock Tests)

A currency board pegs the domestic currency to a foreign currency with full reserve backing.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Manufacturing Policy' aims to create National Investment and Manufacturing Zones that are basically:

A. residential colonies

B. industrial parks with world-class infrastructure

C. special economic zones only

D. agricultural zones

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Correct Answer: Option B

Explanation:
NIMZs are integrated industrial parks with advanced infrastructure.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'World Economic Forum' holds its annual meeting in:

A. Basel

B. Davos

C. Geneva

D. Zurich

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Correct Answer: Option B

Explanation:
The World Economic Forum annual meeting is held in Davos, Switzerland.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Delhi-Mumbai Industrial Corridor' is being developed with cooperation from:

A. Japan

B. Germany

C. USA

D. France

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Correct Answer: Option A

Explanation:
The Delhi-Mumbai Industrial Corridor is being developed with Japanese cooperation.

This question belongs to: Economy GK Economy Set 1

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