The 'Public Account of India' is constituted under which article? MCQ with Answer and Explanation

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The 'Public Account of India' is constituted under which article?

A. Article 312

B. Article 263

C. Article 280

D. Article 266

Answer: Option D

Solution (By JKSSB Mock Tests)

The Public Account of India is constituted under Article 266.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the Mundell-Fleming model under perfect capital mobility and floating exchange rates, monetary policy is:

A. Ineffective in influencing output

B. Highly effective in influencing output

C. Effective only in the long run

D. Completely neutral

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Correct Answer: Option B

Explanation:
Under perfect capital mobility and floating exchange rates, an expansionary monetary policy lowers interest rates, causes capital outflow and currency depreciation, which boosts net exports and output, making monetary policy highly effective.

This question belongs to: Economy GK Economy Set 1