The 'International Monetary Fund' lending to a country under a Stand-By Arrangement is usually for: MCQ with Answer and Explanation

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The 'International Monetary Fund' lending to a country under a Stand-By Arrangement is usually for:

A. short-term balance of payments support

B. long-term development projects

C. climate finance

D. military support

Answer: Option A

Solution (By JKSSB Mock Tests)

IMF Stand-By Arrangements provide short-term balance of payments support.

This question belongs to: Economy GK Economy Set 1

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The 'Belt and Road Initiative' was announced by China in which year?

A. 2013

B. 2015

C. 2017

D. 2008

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Correct Answer: Option A

Explanation:
Belt and Road Initiative was announced in 2013.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is included in M1 in India?

A. Post office savings deposits

B. Currency with the public plus demand deposits with banks plus other deposits with RBI

C. Time deposits with banks

D. National savings certificates

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Correct Answer: Option B

Explanation:
M1 includes currency with the public, demand deposits with banks and other deposits with the RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Account Aggregator' framework in India deals with:

A. deposit insurance

B. sharing of financial data with user consent

C. tax collection

D. merging bank accounts

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Correct Answer: Option B

Explanation:
Account Aggregator framework enables consent-based sharing of financial information.

This question belongs to: Economy GK Economy Set 1

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