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

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

A. Government borrows from banks

B. Banks lend to RBI

C. RBI lends to banks

D. Banks borrow from the public

Answer: Option B

Solution (By JKSSB Mock Tests)

Reverse Repo Rate is the rate at which the RBI borrows money from commercial banks, absorbing excess liquidity from the system.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on fertilizers is:

A. 12%

B. 5%

C. 18%

D. 0%

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Correct Answer: Option B

Explanation:
Fertilizers attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Export Credit Guarantee Corporation of India' provides:

A. credit risk insurance to exporters

B. banking services to public

C. stock trading

D. crop insurance

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Correct Answer: Option A

Explanation:
ECGC provides credit risk insurance to exporters against payment defaults.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Attention Economy' valuation of platforms?

A. Attention has no relation to valuation

B. Valuations are based only on physical assets

C. Only book value matters

D. Market valuations often reflect the platform’s ability to capture and monetise user attention and data rather than traditional cash flows alone

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Correct Answer: Option D

Explanation:
In the attention economy, the market value of many digital platforms is driven by their capacity to attract, retain and monetise user attention and the data generated by user engagement.

This question belongs to: Economy GK Economy Set 1

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