Which of the following is a tool of quantitative monetary policy? MCQ with Answer and Explanation

Question
Which of the following is a tool of quantitative monetary policy?
A. Moral suasion
B. Direct action
C. Open Market Operations
D. Credit rationing
Answer: Option C
Solution (By JKSSB Mock Tests)
Open Market Operations (buying and selling of government securities by RBI) is a quantitative tool that affects the overall volume of credit and money supply.
This question belongs to: Economy GK Economy Set 1
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Question #1
The 'Goods and Services Tax' return for monthly filing by regular dealers is:
A. GSTR-4
B. GSTR-3B
C. GSTR-9
D. GSTR-1
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Correct Answer: Option B

Explanation:
GSTR-3B is a monthly summary return for regular dealers.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'BIMSTEC' grouping includes how many member countries?
A. 7
B. 5
C. 8
D. 10
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Correct Answer: Option A

Explanation:
BIMSTEC has 7 member countries.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on precious stones is:
A. 3%
B. 0.25%
C. 12%
D. 5%
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Correct Answer: Option B

Explanation:
Precious stones attract 0.25% GST.
This question belongs to: Economy GK Economy Set 1
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