The 'Rail Budget' in India was merged with the Union Budget in which year? MCQ with Answer and Explanation

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The 'Rail Budget' in India was merged with the Union Budget in which year?

A. 2018

B. 2019

C. 2015

D. 2017

Answer: Option D

Solution (By JKSSB Mock Tests)

Rail Budget was merged with Union Budget from 2017-18.

This question belongs to: Economy GK Economy Set 1

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Question #1

PM Gati Shakti is a national master plan for:

A. multi-modal connectivity and integrated infrastructure planning

B. agricultural exports

C. tax administration

D. banking reforms

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Correct Answer: Option A

Explanation:
PM Gati Shakti is a national master plan for multi-modal connectivity and integrated infrastructure planning.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Covered Interest Parity' condition?

A. The interest differential between two countries equals the forward premium or discount on the exchange rate

B. Interest rates are always equal across countries

C. Exchange rates are fixed

D. Only uncovered interest parity holds

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Correct Answer: Option A

Explanation:
Covered interest parity states that the interest rate differential between two currencies equals the forward premium or discount, eliminating covered arbitrage opportunities.

This question belongs to: Economy GK Economy Set 1

Question #3

Which institution primarily provides short-term financial assistance to countries facing balance of payments problems?

A. World Bank

B. WTO

C. ADB

D. IMF

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Correct Answer: Option D

Explanation:
The IMF provides short-term financial assistance to countries with balance of payments problems.

This question belongs to: Economy GK Economy Set 1

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