Forwarded from Indian Economy -Civil Service Gurukul (Civil Service Gurukul)
Q.3 The term 'Monetary Policy Committee' (MPC) in India refers to:
Anonymous Quiz
21%
A. A committee responsible for fiscal policy decisions.
61%
B. The body that sets interest rates to control inflation.
16%
C. An advisory group to the Finance Ministry on currency issues.
2%
D. A council that manages the country's foreign exchange reserves
Forwarded from Indian Economy -Civil Service Gurukul (Civil Service Gurukul)
Q.4. Which of the following best describes 'Quantitative Easing' in the context of India's economy?
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24%
A. A policy by the RBI to increase interest rates to control inflation.
45%
B. An increase in the money supply by the RBI to stimulate the economy.
24%
C. Reduction in the cash reserve ratio to allow banks to lend more
6%
D. Selling of government securities by the RBI to decrease the money supply.
Forwarded from Indian Economy -Civil Service Gurukul (Civil Service Gurukul)
Q.5 What is the primary purpose of the 'Pradhan Mantri Jan Dhan Yojana'?
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5%
A. To provide health insurance to the underprivileged
83%
B. To promote financial inclusion by ensuring access to financial services like banking.
11%
C. To offer subsidies directly into bank accounts for LPG.
2%
D. To enhance digital literacy across India