The 'managed float' exchange rate system means the exchange rate is: MCQ with Answer and Explanation

Question

Share Report Error

The 'managed float' exchange rate system means the exchange rate is:

A. set by the IMF

B. determined by market forces with possible central bank intervention

C. not applicable

D. completely fixed

Answer: Option B

Solution (By JKSSB Mock Tests)

Managed float allows market determination with occasional central bank intervention.

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 'MUDRA' Yojana was launched in which year?

A. 2016

B. 2015

C. 2017

D. 2013

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Pradhan Mantri Mudra Yojana was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

Effective Revenue Deficit is defined as revenue deficit minus:

A. tax revenue

B. interest payments

C. grants for creation of capital assets

D. non-tax revenue

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Effective Revenue Deficit is revenue deficit minus grants for creation of capital assets.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Horizontal Equity' in taxation requires that:

A. Individuals with higher ability to pay should pay proportionally more

B. Taxes should be independent of ability to pay

C. Only vertical equity matters

D. Individuals with the same ability to pay should pay the same tax

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Horizontal equity is the principle that taxpayers with equal capacity to pay (usually measured by income or wealth) should bear equal tax burdens.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs