The 'Digital rupee' is a central bank digital currency that has been launched by RBI in a pilot. MCQ with Answer and Explanation

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The 'Digital rupee' is a central bank digital currency that has been launched by RBI in a pilot.

A. Only for banks

B. False

C. Only for foreign trade

D. True

Answer: Option D

Solution (By JKSSB Mock Tests)

RBI has launched pilot projects for the Digital Rupee, a central bank digital currency.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The concept of 'Bounded Rationality' associated with Herbert Simon implies that:

A. Individuals are limited in their cognitive capacity and information and therefore satisfice rather than optimise

B. Only perfect information is assumed

C. Individuals always optimise with unlimited computational power

D. Rationality is unbounded

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Correct Answer: Option A

Explanation:
Bounded rationality recognises that human decision-makers face cognitive limitations and incomplete information, so they typically seek satisfactory rather than optimal solutions.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Mercosur' is a trading bloc in:

A. Africa

B. Asia

C. South America

D. Europe

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Correct Answer: Option C

Explanation:
Mercosur is a South American trading bloc including Argentina, Brazil, Paraguay and Uruguay.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Operation Greens' scheme is related to which agricultural products?

A. Tomato, onion and potato

B. Wheat and rice

C. Pulses and oilseeds

D. Milk and eggs

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Correct Answer: Option A

Explanation:
Operation Greens aims to stabilize supply of TOP (tomato, onion, potato) crops.

This question belongs to: Economy GK Economy Set 1

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