Which of the following is not a monetary policy instrument of the RBI? MCQ with Answer and Explanation

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Which of the following is not a monetary policy instrument of the RBI?

A. CRR

B. Government expenditure

C. Repo rate

D. Open market operations

Answer: Option B

Solution (By JKSSB Mock Tests)

Government expenditure is a fiscal policy instrument, not a monetary policy instrument.

This question belongs to: Economy GK Economy Set 1

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Question #1

The canon of equity in taxation means that:

A. tax should be convenient to pay

B. tax should be economical to collect

C. persons with higher ability should pay more taxes

D. tax rate should be uniform for all

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Correct Answer: Option C

Explanation:
The canon of equity requires taxation based on ability to pay, so the richer pay more.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the Indian public sector enterprises?

A. Complete absence of social objectives

B. No role in strategic sectors

C. Presence of both commercial and social objectives

D. Only profit maximisation without any public purpose

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Correct Answer: Option C

Explanation:
Public sector enterprises in India have historically pursued a combination of commercial viability and broader social and strategic objectives.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'base year' for the current WPI series is:

A. 2019-20

B. 2011-12

C. 2015-16

D. 2004-05

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Correct Answer: Option B

Explanation:
The current WPI series uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

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