The quantity theory of money is expressed by which equation? MCQ with Answer and Explanation

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The quantity theory of money is expressed by which equation?

A. MV = PT

B. MC = MR

C. S = I

D. Y = C + I

Answer: Option A

Solution (By JKSSB Mock Tests)

The quantity theory of money is expressed as MV = PT.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Under perfect competition, the profit-maximizing condition for a firm is:

A. MR = MC and MC is rising

B. P = AC

C. TR is maximum

D. MR is maximum

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Correct Answer: Option A

Explanation:
A perfectly competitive firm maximizes profit where marginal revenue equals marginal cost and MC is rising.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Digital rupee' is a central bank digital currency that has been launched by RBI in a pilot.

A. Only for banks

B. True

C. False

D. Only for foreign trade

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Correct Answer: Option B

Explanation:
RBI has launched pilot projects for the Digital Rupee, a central bank digital currency.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST' is a value-added tax because:

A. it is a direct tax

B. input tax credit is available

C. it is levied on turnover

D. it is collected at source

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Correct Answer: Option B

Explanation:
GST is a value-added tax because input tax credit avoids cascading.

This question belongs to: Economy GK Economy Set 1

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