Which of the following is NOT a characteristic of money?
A. Divisibility
B. Portability
C. Durability
D. Perishability as a desirable feature
Answer: Option D
Solution (By JKSSB Mock Tests)
Desirable characteristics of money include durability, portability, divisibility, uniformity and limited supply. Perishability is undesirable as money should retain value over time.
Explanation:
International risk-sharing allows countries to diversify away country-specific income shocks by holding foreign assets, thereby reducing the volatility of national consumption relative to national output.
Explanation:
An NPA is a loan or advance where interest or principal remains overdue for a period of more than 90 days (as per RBI norms for term loans).
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