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Economy Advanced MCQs (Latest 3 Months) – Set 6

UPSC | Banking | Advanced Level | Competitive Exams

Advanced Economic Concepts

Q1.

Which of the following is NOT a tool of monetary policy?

a) Repo Rate
b) Reverse Repo Rate
c) Fiscal Deficit
d) CRR

Answer: c) Fiscal Deficit

Q2.

What does CRR stand for?

a) Cash Reserve Ratio
b) Credit Risk Ratio
c) Capital Risk Reserve
d) Cash Regulation Rate

Answer: a) Cash Reserve Ratio

Q3.

Stagflation refers to:

a) High growth and low inflation
b) High inflation and low growth
c) Low inflation and high growth
d) Stable economy

Answer: b) High inflation and low growth

Q4.

Which institution publishes the Global Financial Stability Report?

a) World Bank
b) IMF
c) WTO
d) UN

Answer: b) IMF

Q5.

Primary sector mainly includes:

a) Manufacturing
b) Agriculture
c) Services
d) Banking

Answer: b) Agriculture

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