The 'Financial Stability Report' in India is published by: MCQ with Answer and Explanation

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The 'Financial Stability Report' in India is published by:

A. SEBI

B. Ministry of Finance

C. Reserve Bank of India

D. NITI Aayog

Answer: Option C

Solution (By JKSSB Mock Tests)

The RBI publishes the Financial Stability Report.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on legal services provided to individuals is:

A. 5%

B. 0%

C. 12%

D. 18%

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Correct Answer: Option D

Explanation:
Legal services to individuals attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'MUDRA' loan category 'Tarun' covers loans from:

A. above Rs 10 lakh

B. up to Rs 50,000

C. Rs 5 lakh to Rs 10 lakh

D. Rs 1 lakh to Rs 5 lakh

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Correct Answer: Option C

Explanation:
MUDRA categories are Shishu up to Rs 50,000, Kishor Rs 50,000 to Rs 5 lakh, Tarun Rs 5 lakh to Rs 10 lakh.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of market failure, 'Asymmetric Information' leads to:

A. Efficient market outcomes

B. Zero transaction costs

C. Adverse selection and moral hazard

D. Perfect competition

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Correct Answer: Option C

Explanation:
Asymmetric information, where one party has more information than the other, can lead to adverse selection (before the contract) and moral hazard (after the contract).

This question belongs to: Economy GK Economy Set 1

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