The 'seigniorage' revenue for a government arises from: MCQ with Answer and Explanation

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The 'seigniorage' revenue for a government arises from:

A. borrowing from abroad

B. issuing currency

C. tax collection

D. selling public assets

Answer: Option B

Solution (By JKSSB Mock Tests)

Seigniorage is the profit from issuing currency, the difference between face value and production cost.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the Cobb-Douglas production function Q = A L^α K^β, if α + β = 1, the production function exhibits:

A. negative returns

B. constant returns to scale

C. increasing returns to scale

D. decreasing returns to scale

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Correct Answer: Option B

Explanation:
If α + β = 1, the Cobb-Douglas production function exhibits constant returns to scale.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Budget Division' in India is a part of which ministry?

A. Ministry of Finance

B. Ministry of Commerce

C. NITI Aayog

D. Ministry of Statistics

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Correct Answer: Option A

Explanation:
Budget Division is part of the Department of Economic Affairs, Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Consumer Price Index - Industrial Workers' is compiled by:

A. RBI

B. NITI Aayog

C. Labour Bureau

D. CSO

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Correct Answer: Option C

Explanation:
CPI-IW is compiled by the Labour Bureau.

This question belongs to: Economy GK Economy Set 1

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