Treasury bills are issued by: MCQ with Answer and Explanation

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Treasury bills are issued by:

A. commercial banks

B. RBI on behalf of the Central Government

C. State governments only

D. SEBI

Answer: Option B

Solution (By JKSSB Mock Tests)

Treasury bills are short-term debt instruments issued by the RBI on behalf of the Central Government.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the 'Carry Trade' strategy in foreign-exchange markets?

A. Borrowing in a low-interest-rate currency and investing in a high-interest-rate currency

B. Borrowing in a high-interest-rate currency and investing in a low-interest-rate currency

C. Only hedging all exchange-rate risk

D. Only trading on the basis of purchasing-power parity

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Correct Answer: Option A

Explanation:
A carry trade involves borrowing funds in a currency with a low interest rate and investing them in a currency with a higher interest rate, thereby earning the interest differential while remaining exposed to exchange-rate risk.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Investment Fund' was created with the proceeds of:

A. taxes

B. borrowings

C. foreign aid

D. disinvestment of central public sector enterprises

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Correct Answer: Option D

Explanation:
National Investment Fund was created with disinvestment proceeds.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Algorithmic Transparency' refers to:

A. The degree to which the functioning, criteria and effects of algorithms used by platforms or public authorities can be understood and scrutinised

B. The complete secrecy of all algorithms

C. Only the source code of open-source software

D. Only human decision-making without algorithms

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Correct Answer: Option A

Explanation:
Algorithmic transparency concerns the extent to which the logic, data and outcomes of algorithmic systems are open to inspection, explanation and accountability by users, regulators or the public.

This question belongs to: Economy GK Economy Set 1

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