The term 'Repo Rate' is the rate at which: MCQ with Answer and Explanation

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The term 'Repo Rate' is the rate at which:

A. Banks lend to each other in the call market

B. Government borrows from the public

C. Commercial banks borrow from the RBI against collateral of government securities

D. RBI borrows from commercial banks

Answer: Option C

Solution (By JKSSB Mock Tests)

Repo rate is the interest rate at which the RBI lends short-term funds to commercial banks against the collateral of government securities under the Liquidity Adjustment Facility.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Financial Stability Report' in India is published by:

A. Reserve Bank of India

B. Ministry of Finance

C. NITI Aayog

D. SEBI

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Correct Answer: Option A

Explanation:
The RBI publishes the Financial Stability Report.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'snob effect' in consumer behaviour refers to:

A. buying goods to appear exclusive and different

B. buying more when price falls

C. buying only necessities

D. following popular trends

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Correct Answer: Option A

Explanation:
The snob effect is consumer preference for exclusive goods that set them apart.

This question belongs to: Economy GK Economy Set 1

Question #3

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

A. 2015

B. 2019

C. 2017

D. 2018

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Correct Answer: Option C

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

This question belongs to: Economy GK Economy Set 1

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