Which of the following is the primary objective of monetary policy in India? MCQ with Answer and Explanation

Which of the following is the primary objective of monetary policy in India?
A. Increasing government expenditure
B. Maximising tax revenue
C. Price stability while keeping in mind growth
D. Reducing fiscal deficit
Answer: Option C
Solution (By JKSSB Mock Tests)
As per the Monetary Policy Framework Agreement, the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.

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Practice More Economy Set 1 Questions

Question #1
The 'International Development Association' lends mainly to:
A. private corporations
B. developed countries
C. poorest developing countries on concessional terms
D. central banks

Correct Answer: Option C


Explanation:
IDA provides concessional loans and grants to the world's poorest countries.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'National Manufacturing Policy' was released in which year?
A. 2014
B. 2011
C. 2005
D. 2017

Correct Answer: Option B


Explanation:
The National Manufacturing Policy was released in 2011.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' registration threshold for goods suppliers is generally:
A. Rs 1 crore
B. Rs 50 lakh
C. Rs 40 lakh
D. Rs 20 lakh

Correct Answer: Option C


Explanation:
The GST threshold for goods is Rs 40 lakh (Rs 20 lakh in special category states).

This question belongs to: Economy GK Economy Set 1