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. 0.50%

B. 1%

C. 2%

D. 0.25%

Answer: Option D

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 Wholesale Price Index in India measures price movements of:

A. goods only

B. agricultural products only

C. services only

D. goods and services

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Correct Answer: Option A

Explanation:
WPI measures price movements of goods only; it does not include services.

This question belongs to: Economy GK Economy Set 1

Question #2

SEBI was given statutory status in which year?

A. 1988

B. 2000

C. 1992

D. 1995

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Correct Answer: Option C

Explanation:
SEBI was established in 1988 and given statutory status in 1992.

This question belongs to: Economy GK Economy Set 1

Question #3

The canon of equity in taxation means that:

A. persons with higher ability should pay more taxes

B. tax should be convenient to pay

C. tax should be economical to collect

D. tax rate should be uniform for all

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Correct Answer: Option A

Explanation:
The canon of equity requires taxation based on ability to pay, so the richer pay more.

This question belongs to: Economy GK Economy Set 1

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