The 'International Monetary Fund' in India provides advice on: MCQ with Answer and Explanation

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The 'International Monetary Fund' in India provides advice on:

A. macroeconomic policy and balance of payments

B. elections

C. defence strategy

D. criminal justice

Answer: Option A

Solution (By JKSSB Mock Tests)

IMF advises on macroeconomic policy and balance of payments.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A demat account is used for:

A. holding shares in electronic form

B. trading only in commodities

C. holding foreign currency

D. banking transactions only

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Correct Answer: Option A

Explanation:
A demat account holds securities in electronic form.

This question belongs to: Economy GK Economy Set 1

Question #2

Repo rate is the rate at which the Reserve Bank of India:

A. lends to the government

B. borrows money from commercial banks

C. lends short-term funds to commercial banks against government securities

D. accepts deposits from public

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Correct Answer: Option C

Explanation:
Repo rate is the rate at which the RBI lends short-term funds to banks against government securities.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of money market, Treasury Bills are issued by:

A. Stock exchanges

B. Reserve Bank of India on behalf of the government

C. Private corporations

D. Commercial banks

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Correct Answer: Option B

Explanation:
Treasury Bills are short-term instruments issued by the RBI on behalf of the Government of India to meet short-term funding requirements.

This question belongs to: Economy GK Economy Set 1

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