The 'currency swap' between two central banks is: MCQ with Answer and Explanation

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The 'currency swap' between two central banks is:

A. permanent exchange of currencies

B. purchase of gold

C. a loan of domestic currency against foreign currency with an agreement to reverse later

D. import of goods

Answer: Option C

Solution (By JKSSB Mock Tests)

A currency swap is a temporary exchange of currencies between central banks to provide liquidity.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'World Happiness Report' is published by:

A. World Bank

B. World Economic Forum

C. United Nations Sustainable Development Solutions Network

D. IMF

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Correct Answer: Option C

Explanation:
The World Happiness Report is published by the UN Sustainable Development Solutions Network.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Ease of Doing Business Report' was published by:

A. IMF

B. UNCTAD

C. World Bank

D. WTO

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Correct Answer: Option C

Explanation:
The Ease of Doing Business Report was published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

Price elasticity of demand is measured as:

A. change in quantity divided by change in price

B. change in price divided by change in quantity

C. percentage change in quantity demanded divided by percentage change in price

D. percentage change in price divided by percentage change in quantity demanded

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Correct Answer: Option C

Explanation:
Price elasticity of demand is the percentage change in quantity demanded divided by the percentage change in price.

This question belongs to: Economy GK Economy Set 1

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