The 'ICRA' in India is a: MCQ with Answer and Explanation

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The 'ICRA' in India is a:

A. bank

B. insurance company

C. stock exchange

D. credit rating agency

Answer: Option D

Solution (By JKSSB Mock Tests)

ICRA is a credit rating agency.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on instant food mixes is:

A. 12%

B. 18%

C. 28%

D. 5%

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Correct Answer: Option B

Explanation:
Instant food mixes attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a feature of the 'Covered Interest Parity' condition?

A. Only uncovered interest parity holds

B. Interest rates are always equal across countries

C. Exchange rates are fixed

D. The interest differential between two countries equals the forward premium or discount on the exchange rate

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Correct Answer: Option D

Explanation:
Covered interest parity states that the interest rate differential between two currencies equals the forward premium or discount, eliminating covered arbitrage opportunities.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Action Plan on Climate Change' was released in:

A. 2010

B. 2008

C. 2005

D. 2015

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Correct Answer: Option B

Explanation:
The National Action Plan on Climate Change was released in 2008.

This question belongs to: Economy GK Economy Set 1

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