The 'Marginal Standing Facility' is available to banks at a rate how much above repo rate? MCQ with Answer and Explanation

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The 'Marginal Standing Facility' is available to banks at a rate how much above repo rate?

A. 2%

B. 0.25%

C. 1%

D. 0.50%

Answer: Option B

Solution (By JKSSB Mock Tests)

MSF rate is normally 0.25 percentage points above the repo rate.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Ways and Means Advances' are given by RBI to:

A. foreign governments

B. NBFCs

C. commercial banks

D. central and state governments to bridge temporary mismatches in receipts and expenditures

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Correct Answer: Option D

Explanation:
Ways and Means Advances are short-term advances by RBI to governments to bridge temporary mismatches.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Universal Basic Services' proposal?

A. Only cash transfers without any public services

B. Public provision of a range of essential services free at the point of use as a complement or alternative to basic income

C. Only private provision of all services

D. Only targeted residual welfare

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Correct Answer: Option B

Explanation:
Universal basic services advocates the collective provision of a set of essential services—such as health, education, housing, transport and information—available to all citizens free or at low cost.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of global public goods, climate-change mitigation is considered a:

A. Global pure public good because its benefits are non-excludable and non-rivalrous across countries

B. Common-pool resource only

C. Club good limited to a few countries

D. Pure private good

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Correct Answer: Option A

Explanation:
Climate-change mitigation is a global pure public good: the benefits of reduced greenhouse-gas concentrations are non-excludable and non-rivalrous at the worldwide level, creating strong free-rider incentives.

This question belongs to: Economy GK Economy Set 1

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