The 'People's Bank of China' is the central bank of: MCQ with Answer and Explanation

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The 'People's Bank of China' is the central bank of:

A. India

B. Japan

C. Vietnam

D. China

Answer: Option D

Solution (By JKSSB Mock Tests)

The People's Bank of China is China's central bank.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Basel III norms primarily focus on:

A. priority sector lending

B. interest rate deregulation

C. capital adequacy, leverage and liquidity of banks

D. agricultural credit

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Correct Answer: Option C

Explanation:
Basel III norms strengthen capital adequacy, leverage and liquidity requirements for banks.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a feature of imperfect competition?

A. Perfect knowledge

B. Few or many sellers with some control over price

C. Product differentiation

D. Selling costs

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Correct Answer: Option A

Explanation:
Perfect knowledge is a feature of perfect competition. Imperfect competition is characterised by product differentiation, selling costs and some degree of price control by sellers.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Mega Food Park' scheme aims to:

A. promote raw exports only

B. reduce food production

C. create modern food processing infrastructure

D. increase food imports

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Correct Answer: Option C

Explanation:
Mega Food Parks provide modern food processing infrastructure and supply chain facilities.

This question belongs to: Economy GK Economy Set 1

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