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

The 'Monetary Policy Committee' meets at least how many times in a financial year?
A. 2
B. 6
C. 12
D. 4
Answer: Option D
Solution (By JKSSB Mock Tests)
The MPC meets at least four times a year.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Intergenerational Equity' in fiscal policy emphasises:
A. Only reducing taxes for the current generation
B. Only maximising current consumption
C. Only short-term stabilisation
D. Fair distribution of the burden of public debt between present and future generations

Correct Answer: Option D


Explanation:
Intergenerational equity requires that the burden of financing public expenditure and debt is distributed fairly across generations so that future generations are not unduly burdened.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Learning-by-Doing' models of growth?
A. Only formal R&D matters
B. Productivity is completely exogenous
C. Productivity rises as a by-product of cumulative production experience
D. Experience has no effect on productivity

Correct Answer: Option C


Explanation:
Learning-by-doing models, originating with Arrow, treat increases in productivity as an automatic by-product of the accumulation of production experience (cumulative output).

This question belongs to: Economy GK Economy Set 1
Question #3
The 'demographic transition' refers to changes in:
A. exchange rates
B. birth and death rates
C. income distribution
D. inflation

Correct Answer: Option B


Explanation:
Demographic transition refers to shifts in birth and death rates as an economy develops.

This question belongs to: Economy GK Economy Set 1