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. climate finance

B. military support

C. long-term development projects

D. short-term balance of payments support

Answer: Option D

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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Question #1

The term 'High-Powered Money' is also known as:

A. Time deposits

B. Broad money

C. Narrow money only

D. Reserve money or monetary base

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Correct Answer: Option D

Explanation:
High-powered money (reserve money or monetary base) consists of currency in circulation and the reserves of the banking system with the central bank.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Prime Minister's Economic Advisory Council' was reconstituted in which year?

A. 2020

B. 2014

C. 2019

D. 2017

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Correct Answer: Option D

Explanation:
The PMEAC was reconstituted in September 2017.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Election Commission of India' is constituted under which article?

A. Article 280

B. Article 356

C. Article 324

D. Article 360

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Correct Answer: Option C

Explanation:
The Election Commission is constituted under Article 324.

This question belongs to: Economy GK Economy Set 1

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