Treasury bills are issued by: MCQ with Answer and Explanation

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Treasury bills are issued by:

A. RBI on behalf of the Central Government

B. State governments only

C. commercial banks

D. SEBI

Answer: Option A

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 characteristic of 'Reference-Dependent Preferences'?

A. Only absolute levels of wealth matter

B. Outcomes are evaluated relative to a reference point, generating gains and losses

C. Reference points are irrelevant

D. Only final wealth enters utility

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Correct Answer: Option B

Explanation:
Reference-dependent preferences, central to prospect theory, evaluate outcomes as gains or losses relative to a reference point rather than in terms of final absolute wealth levels.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Digital Library of India' provides:

A. land records

B. passport services

C. digital educational resources

D. banking services

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Correct Answer: Option C

Explanation:
National Digital Library of India provides digital educational resources.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on municipal services is:

A. 5%

B. 18%

C. 0%

D. exempt for basic municipal services

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Correct Answer: Option D

Explanation:
Basic municipal services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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