The 'repo' in monetary policy means the RBI: MCQ with Answer and Explanation

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The 'repo' in monetary policy means the RBI:

A. borrows from foreign central banks

B. gives unsecured loans to banks

C. purchases securities from banks with an agreement to sell them back later

D. sells securities to banks and agrees to repurchase them later

Answer: Option C

Solution (By JKSSB Mock Tests)

In a repo, the RBI purchases securities from banks with an agreement to resell them later, injecting liquidity.

This question belongs to: Economy GK Economy Set 1

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Question #1

Bharat Broadband Network Limited is associated with:

A. road construction

B. rural water supply

C. port development

D. National Optical Fibre Network

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Correct Answer: Option D

Explanation:
Bharat Broadband Network Limited implements the National Optical Fibre Network for broadband connectivity.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'United Nations' was founded in which year?

A. 1950

B. 1948

C. 1944

D. 1945

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Correct Answer: Option D

Explanation:
The United Nations was founded in 1945.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Bank for Reconstruction and Development' and International Development Association together are called:

A. World Bank Group

B. IMF

C. United Nations

D. World Bank (narrowly)

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Correct Answer: Option D

Explanation:
IBRD and IDA together are often referred to as the World Bank.

This question belongs to: Economy GK Economy Set 1

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