The 'inflation targeting' in India uses which index as the nominal anchor? MCQ with Answer and Explanation

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The 'inflation targeting' in India uses which index as the nominal anchor?

A. CPI-Combined

B. GDP deflator

C. CPI-IW only

D. WPI

Answer: Option A

Solution (By JKSSB Mock Tests)

RBI's inflation targeting uses CPI-Combined as the nominal anchor.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Directorate General of Goods and Services Tax Intelligence' deals with:

A. GST evasion and intelligence

B. income tax evasion

C. corporate fraud

D. customs only

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Correct Answer: Option A

Explanation:
DGGI deals with GST evasion and intelligence.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Concern Worldwide and Welthungerhilfe' publish which index?

A. Corruption Perceptions Index

B. Ease of Doing Business Index

C. Human Development Index

D. Global Hunger Index

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Correct Answer: Option D

Explanation:
Concern Worldwide and Welthungerhilfe publish Global Hunger Index.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Bank of Calcutta' was established in which year?

A. 1865

B. 1770

C. 1840

D. 1806

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Correct Answer: Option D

Explanation:
The Bank of Calcutta, later Bank of Bengal, was established in 1806.

This question belongs to: Economy GK Economy Set 1

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