The 'International Monetary Fund' Extended Fund Facility provides: MCQ with Answer and Explanation

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The 'International Monetary Fund' Extended Fund Facility provides:

A. medium-term support for structural balance of payments problems

B. short-term loans

C. only technical assistance

D. grants to all countries

Answer: Option A

Solution (By JKSSB Mock Tests)

The Extended Fund Facility provides medium-term support for countries with structural BoP problems.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Primary Deficit' indicates:

A. Budgetary deficit only

B. Fiscal deficit including interest payments

C. Revenue deficit excluding interest payments

D. Fiscal deficit excluding interest payments

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Correct Answer: Option D

Explanation:
Primary deficit = Fiscal deficit − Interest payments. It shows the borrowing requirement of the government excluding the interest burden of past debt.

This question belongs to: Economy GK Economy Set 1

Question #2

Microfinance institutions primarily provide:

A. large corporate loans

B. export finance

C. infrastructure finance

D. small collateral-free loans to low-income households

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Correct Answer: Option D

Explanation:
Microfinance institutions provide small collateral-free loans to low-income clients.

This question belongs to: Economy GK Economy Set 1

Question #3

The Soil Health Card scheme provides farmers information on:

A. land ownership records

B. market prices

C. weather forecast

D. soil nutrient status and recommended fertilizer use

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Correct Answer: Option D

Explanation:
Soil Health Cards provide information on soil nutrient status and fertilizer recommendations.

This question belongs to: Economy GK Economy Set 1

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