Which of the following is a characteristic of the 'Platform Economy'?
A. Only government-provided services
B. Only agricultural markets
C. Digital platforms that intermediate between groups of users and often exhibit strong network effects
D. Only traditional brick-and-mortar retail
Answer: Option C
Solution (By JKSSB Mock Tests)
The platform economy consists of digital multi-sided platforms that facilitate interactions and transactions between different groups of users (e.g., buyers and sellers, drivers and riders) and typically display network externalities.
Explanation:
The Net Stable Funding Ratio (NSFR) requires banks to maintain a stable funding profile in relation to their on- and off-balance-sheet activities over a one-year time horizon.
Explanation:
An increase in government spending raises aggregate demand, shifting the IS curve to the right, leading to higher income and interest rates in the short run.
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