Which of the following is a permitted asset for Statutory Liquidity Ratio? MCQ with Answer and Explanation

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Which of the following is a permitted asset for Statutory Liquidity Ratio?

A. Mutual fund units

B. Equity shares

C. Corporate bonds

D. Gold and government securities

Answer: Option D

Solution (By JKSSB Mock Tests)

SLR assets include cash, gold and approved government securities.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'GST' is a destination-based tax, so tax revenue accrues to:

A. exporting state

B. consuming state

C. centre only

D. producing state

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Correct Answer: Option B

Explanation:
GST is destination-based; tax revenue goes to the state where goods are consumed.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is used to measure the degree of openness of an economy?

A. Fiscal deficit as a percentage of GDP

B. Unemployment rate

C. Share of exports and imports in GDP

D. Money supply growth rate

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Correct Answer: Option C

Explanation:
The degree of openness is commonly measured by the ratio of total trade (exports + imports) to GDP, reflecting integration with the global economy.

This question belongs to: Economy GK Economy Set 1

Question #3

The slope of the budget line is equal to:

A. negative Px divided by Py

B. Py divided by Px

C. Px multiplied by Py

D. Px plus Py

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Correct Answer: Option A

Explanation:
The budget line slope is -Px/Py, where Px is price of good X and Py is price of good Y.

This question belongs to: Economy GK Economy Set 1

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