The term 'Special Drawing Rights' (SDRs) is associated with: MCQ with Answer and Explanation

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The term 'Special Drawing Rights' (SDRs) is associated with:

A. International Monetary Fund

B. Asian Development Bank

C. World Bank

D. World Trade Organisation

Answer: Option A

Solution (By JKSSB Mock Tests)

Special Drawing Rights are an international reserve asset created by the International Monetary Fund to supplement member countries' official reserves.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a feature of the Classical model of the economy?

A. Importance of aggregate demand in determining output

B. Flexible wages and prices ensuring continuous full employment

C. Sticky wages and prices

D. Possibility of liquidity trap

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Correct Answer: Option B

Explanation:
The Classical model assumes flexible wages and prices that adjust continuously to maintain full employment equilibrium.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Manufacturing Policy' was released in which year?

A. 2005

B. 2017

C. 2014

D. 2011

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Correct Answer: Option D

Explanation:
The National Manufacturing Policy was released in 2011.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on healthcare and education being exempt is intended to:

A. promote imports

B. increase tax burden

C. make essential services affordable

D. increase government revenue

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Correct Answer: Option C

Explanation:
Exempting essential services like health and education makes them affordable.

This question belongs to: Economy GK Economy Set 1

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