The 'Monetary Policy Committee' meets at least how many times in a financial year? MCQ with Answer and Explanation

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The 'Monetary Policy Committee' meets at least how many times in a financial year?

A. 4

B. 6

C. 12

D. 2

Answer: Option A

Solution (By JKSSB Mock Tests)

The MPC meets at least four times a year.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'GST Council' is a constitutional body under which article?

A. Article 280

B. Article 246A

C. Article 324

D. Article 279A

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Correct Answer: Option D

Explanation:
The GST Council is constituted under Article 279A.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on essential food items is:

A. 18%

B. 12%

C. 0%

D. 5%

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Correct Answer: Option C

Explanation:
Essential food items are often at 0% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Cyclical unemployment is caused by:

A. mismatch of skills

B. seasonal changes

C. trade union pressure

D. lack of aggregate demand during economic downturns

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Correct Answer: Option D

Explanation:
Cyclical unemployment is caused by deficient aggregate demand during recessions.

This question belongs to: Economy GK Economy Set 1

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