Which of the following is a feature of the Indian monetary system? MCQ with Answer and Explanation

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Which of the following is a feature of the Indian monetary system?

A. Complete free floating without RBI role

B. Gold standard

C. Managed floating exchange rate with inflation targeting

D. Fixed exchange rate without any intervention

Answer: Option C

Solution (By JKSSB Mock Tests)

India follows a managed floating exchange rate regime and has adopted a flexible inflation targeting framework for monetary policy.

This question belongs to: Economy GK Economy Set 1

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The 'Antyodaya Anna Yojana' was launched in:

A. 2010

B. 2005

C. 1995

D. 2000

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Correct Answer: Option D

Explanation:
Antyodaya Anna Yojana was launched in December 2000.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Union Budget' in India is presented in Parliament on:

A. 31 March every year

B. 1 April every year

C. 1 February every year

D. 1 March every year

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Correct Answer: Option C

Explanation:
Since 2017, the Union Budget is presented on 1 February.

This question belongs to: Economy GK Economy Set 1

Question #3

Unified Payments Interface enables:

A. only cheque clearing

B. instant interbank transfer using a virtual payment address

C. only government payments

D. only credit card payments

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Correct Answer: Option B

Explanation:
UPI enables instant interbank transfers through virtual payment addresses using mobile devices.

This question belongs to: Economy GK Economy Set 1

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