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 apex institution for agricultural and rural credit in India is:

A. NABARD

B. EXIM Bank

C. SIDBI

D. RBI

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Correct Answer: Option A

Explanation:
NABARD is the apex institution for agricultural and rural credit.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Interoperability' in digital markets refers to:

A. The ability of different systems, platforms or services to work together and exchange information

B. The complete isolation of platforms

C. Only the proprietary control of all interfaces

D. Only the absence of any data sharing

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Correct Answer: Option A

Explanation:
Interoperability is the capacity of different digital systems or platforms to communicate, exchange data and use the exchanged information, which can reduce switching costs and increase contestability.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Kyoto Protocol' was adopted in which year?

A. 2001

B. 2005

C. 1992

D. 1997

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Correct Answer: Option D

Explanation:
The Kyoto Protocol was adopted in 1997.

This question belongs to: Economy GK Economy Set 1

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