The 'Detailed Demands for Grants' are presented to: MCQ with Answer and Explanation

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The 'Detailed Demands for Grants' are presented to:

A. Parliament

B. State governments

C. RBI

D. President

Answer: Option A

Solution (By JKSSB Mock Tests)

Detailed Demands for Grants are presented to Parliament.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The term 'Repo' in monetary policy stands for:

A. Rate of Preferential Operation

B. Reverse Purchase Order

C. Repurchase Agreement

D. Reserve Position

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Correct Answer: Option C

Explanation:
Repo stands for Repurchase Agreement, under which RBI lends money to banks against government securities with an agreement to repurchase them at a later date.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'bank rate' in India is currently aligned with:

A. repo rate

B. MSF rate

C. reverse repo rate

D. CRR

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Correct Answer: Option B

Explanation:
The bank rate is aligned with the MSF rate.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Trade-Related Investment Measures' agreement under WTO deals with:

A. intellectual property

B. agriculture

C. investment measures that affect trade

D. banking

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Correct Answer: Option C

Explanation:
TRIMs deals with investment measures that distort trade.

This question belongs to: Economy GK Economy Set 1

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