The 'shadow banking system' refers to: MCQ with Answer and Explanation

Question

Share Report Error

The 'shadow banking system' refers to:

A. regular commercial banks

B. foreign banks

C. public sector banks

D. non-bank financial intermediaries conducting bank-like activities

Answer: Option D

Solution (By JKSSB Mock Tests)

Shadow banking includes non-bank financial intermediaries that perform bank-like credit intermediation.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on salt is:

A. 0%

B. 5%

C. 12%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Common salt is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of fiscal policy, 'Automatic Stabilisers' operate through:

A. Only changes in the monetary base

B. Built-in features of the tax and transfer system that dampen fluctuations without discretionary action

C. Only discretionary changes in spending

D. Only exchange-rate adjustments

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Automatic stabilisers are elements of the fiscal system—progressive taxes and unemployment benefits—that automatically reduce the amplitude of business-cycle fluctuations without the need for new legislation.

This question belongs to: Economy GK Economy Set 1

Question #3

The guiding philosophy of NITI Aayog is:

A. centralized planning

B. cooperative federalism

C. import substitution

D. command economy

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
NITI Aayog works on the principle of cooperative federalism.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs