Which of the following is a desirable characteristic of money? MCQ with Answer and Explanation

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Which of the following is a desirable characteristic of money?

A. Difficulty in storage

B. Durability, portability, divisibility and limited supply

C. Unlimited supply

D. Perishability

Answer: Option B

Solution (By JKSSB Mock Tests)

Good money should be durable, portable, divisible, uniform, recognisable and relatively scarce so that it can effectively perform its functions.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'International Labour Organization' is headquartered in:

A. New York

B. Rome

C. Paris

D. Geneva

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Correct Answer: Option D

Explanation:
The International Labour Organization is headquartered in Geneva.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'RTGS' system in India is used for transactions of minimum amount:

A. Rs 10,00,000

B. Rs 5,00,000

C. Rs 2,00,000

D. Rs 1,000

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Correct Answer: Option C

Explanation:
RTGS minimum amount is Rs 2,00,000.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Multiplier' in Keynesian economics is related to:

A. Change in investment and change in income

B. Change in money supply and change in prices

C. Change in tax rate and change in revenue

D. Change in interest rate and change in investment

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Correct Answer: Option A

Explanation:
The investment multiplier shows how much income increases as a result of an initial increase in investment. Multiplier = 1/(1-MPC).

This question belongs to: Economy GK Economy Set 1

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