The Marginal Standing Facility rate is generally set how much above the repo rate? MCQ with Answer and Explanation

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The Marginal Standing Facility rate is generally set how much above the repo rate?

A. 0.25 percentage points

B. 1.00 percentage point

C. 0.50 percentage points

D. 2.00 percentage points

Answer: Option A

Solution (By JKSSB Mock Tests)

The MSF rate is usually 0.25 percentage points above the repo rate.

This question belongs to: Economy GK Economy Set 1

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The concept of 'Macroprudential Policy' aims at:

A. Only the soundness of individual institutions

B. Limiting systemic risk and ensuring the stability of the financial system as a whole

C. Only fiscal sustainability

D. Only price stability

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Correct Answer: Option B

Explanation:
Macroprudential policy uses regulatory and supervisory tools to mitigate systemic risk and to increase the resilience of the financial system as a whole, complementing microprudential supervision of individual institutions.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Demonetisation' refers to:

A. Introduction of new currency notes

B. Devaluation of currency

C. Printing of more currency notes

D. Withdrawal of a currency unit from legal tender status

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Correct Answer: Option D

Explanation:
Demonetisation is the act of stripping a currency unit of its status as legal tender. In India, high denomination notes were demonetised in 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'occupational safety, health and working conditions code' was passed in which year?

A. 2019

B. 2021

C. 2022

D. 2020

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Correct Answer: Option D

Explanation:
The OSH Code was passed in 2020.

This question belongs to: Economy GK Economy Set 1

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