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

Question
The 'Financial Stability Report' in India is published by:
A. Reserve Bank of India
B. NITI Aayog
C. Ministry of Finance
D. SEBI
Answer: Option A
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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Practice More Economy Set 1 Questions

Question #1
If a 10% increase in the price of a good causes quantity demanded to fall by 5%, the price elasticity of demand is:
A. 5
B. 2
C. 0.5
D. 1
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Correct Answer: Option C

Explanation:
Elasticity = 5% / 10% = 0.5, which is inelastic.
This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Special Drawing Rights' can be used by member countries of the IMF for:
A. Settling international payments and as a reserve asset
B. Only purchasing gold
C. Only domestic transactions
D. Only financing fiscal deficit
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Correct Answer: Option A

Explanation:
SDRs are international reserve assets that can be exchanged for freely usable currencies and used in transactions among IMF members and prescribed holders.
This question belongs to: Economy GK Economy Set 1
Question #3
In the context of elasticity, the demand for a necessary good with no close substitutes is likely to be:
A. Perfectly elastic
B. Highly elastic
C. Relatively inelastic
D. Unitary elastic
Discuss
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Correct Answer: Option C

Explanation:
Necessities with few or no close substitutes tend to have inelastic demand because consumers cannot easily reduce consumption when price rises.
This question belongs to: Economy GK Economy Set 1
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