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

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The 'shadow banking system' refers to:

A. regular commercial banks

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

C. foreign banks

D. public sector banks

Answer: Option B

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

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Question #1

The 'Sagarmala' programme was launched in:

A. 2016

B. 2013

C. 2017

D. 2015

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Correct Answer: Option D

Explanation:
Sagarmala was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of a flexible exchange rate system?

A. No role for speculation

B. Exchange rate is fixed by government decree

C. Complete absence of central bank intervention in all cases

D. Exchange rate is determined by market forces of demand and supply of foreign exchange

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Correct Answer: Option D

Explanation:
Under a pure flexible (floating) exchange rate system, the value of the currency is determined by the interaction of demand and supply in the foreign exchange market.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Asian Infrastructure Investment Bank' is headquartered in:

A. Singapore

B. Manila

C. Beijing

D. Tokyo

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Correct Answer: Option C

Explanation:
The Asian Infrastructure Investment Bank is headquartered in Beijing.

This question belongs to: Economy GK Economy Set 1

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