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

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

A. set by the IMF

B. not applicable

C. completely fixed

D. determined by market forces with possible central bank intervention

Answer: Option D

Solution (By JKSSB Mock Tests)

Managed float allows market determination with occasional central bank intervention.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a characteristic of the informal sector?

A. High degree of formal contracts and social security

B. Complete absence of employment generation

C. High capital intensity and advanced technology

D. Easy entry, small scale and lack of formal regulation

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Correct Answer: Option D

Explanation:
The informal sector is marked by ease of entry, small-scale operations, labour intensity, lack of formal contracts and limited access to social security.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on life insurance premiums is:

A. 12%

B. 0%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Life insurance premiums attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Economic and Social Council' is one of the principal organs of:

A. United Nations

B. WTO

C. IMF

D. World Bank

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Correct Answer: Option A

Explanation:
The Economic and Social Council is a principal organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

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