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

Question
The 'International Monetary Fund' in India provides advice on:
A. macroeconomic policy and balance of payments
B. defence strategy
C. elections
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
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'resource curse' is also called the:
A. liquidity trap
B. paradox of plenty
C. invisible hand
D. tragedy of commons
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The resource curse is also known as the paradox of plenty.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' law in India comprises:
A. CGST Act, SGST Acts, UTGST Act and IGST Act
B. one Act
C. only IGST Act
D. only CGST Act
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
GST law comprises CGST, SGST, UTGST and IGST Acts.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'J-Curve' effect?
A. Appreciation always improves the trade balance
B. After a depreciation, the trade balance first deteriorates before improving
C. Depreciation has no effect on the trade balance
D. After a depreciation, the trade balance improves immediately
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The J-curve describes the short-run deterioration of the trade balance following a depreciation (because quantities adjust slowly while prices change immediately), followed by a longer-run improvement.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Accountancy and Statistics 3179 English 15164 Computer 5279 Geography GK 6121 Reasoning 2064
Practice Mix
Which of the following is the primary reason for the high rainfall in the Eastern Ghats?
In Access, which of the following is a valid way to import data from an Excel spreadsheet?
Find the error: 'She has a beautiful hair.'
The shortcut to open the 'Find' dialog in MS Excel is:
The noun 'news' is singular, so we say: