What Is The Purpose Of Monetary Policy Mcq?

Monetary Policy MCQ Question 1 Detailed Solution

The correct answer is price stability. The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.

What is fiat cash?

fiat money, in a broad sense, all kinds of money that are made legal tender by a government decree or fiat. The term is, however, usually reserved for legal-tender paper money or coins that have face values far exceeding their commodity values and are not redeemable in gold or silver.

Who decides inflation target in India?

The goal(s) of monetary policy

The amended RBI Act also provides for the inflation target to be set by the Government of India, in consultation with the Reserve Bank, once in every five years.

Why RBI is called Monetary Authority of India?

Reserve bank of India is the only authority who is authorized to issue currency in India. While coins are minted by Government of India (GoI), the RBI works as an agent of GoI for distributing and handling of coins. Upto Re. 1 coins are minted by GoI although RBI ensures their distribution in the country.

Who is the chairman of the monetary policy?

The composition of the current monetary policy committee is as follows: Governor of the Reserve Bank of India – Chairperson, ex officio - Shaktikanta Das. Deputy Governor of the Bank in charge of monetary policy — Michael Debrata Patra.

Who is the chairperson of the Monetary Policy Committee of India Mcq?

The Governor of Reserve Bank of India

What is tender money?

Legal tender money is the officially issued money by the authority or central banks which is used for medium of exchange. The currency notes or coins issued by the RBI and the government are legal tender money.

What is monetary policy and its types?

There are two main kinds of monetary policy: contractionary and expansionary. Contractionary monetary policy: This type of policy is used to decrease the amount of money circulating throughout the economy, typically by selling government bonds, raising interest rates, and increasing the reserve requirements for banks.

What is fiat money Mcq?

Fiat money or fiat currency is any money that the government declares as legal tender. Also, this type of money is not backed by a physical commodity such as gold or silver.

What is the purpose of monetary policy Mcq?

Monetary Policy MCQ Question 1 Detailed Solution

The correct answer is price stability. The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.

What is the main objective of having monetary policy in a country?

The objective of monetary policy is to maintain price stability in the economy. Price stability refers to maintenance of a low and stable inflation.

Which is India's largest commercial bank?

State Bank of India (SBI)

Who is current RBI Governor?

Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018.

Who regulates the monetary policy in India?

The Reserve Bank of India (RBI)

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Which method Cannot be used for separation of solid in liquid?

Detailed Solution

Fractional Distillation is NOT used for separation of a solid and a liquid.

Who is responsible for fiscal policy Mcq?

Government budgeting and Fiscal Policy MCQ Question 5 Detailed Solution. The correct answer is Finance Minister.

Which is supreme in Indian Polity?

Detailed Solution. Constitution and Parliament bothhold the supreme position in the Indian political system. It is the supreme law of India.

Why is an SCR made of silicon and not germanium?

Detailed Solution. An SCR is made up of silicon because Silicon has a small leakage current than Germanium. A Silicon Controlled Rectifier (SCR) is a 3 terminal and 4 layer semiconductor current controlling device. It is mainly used in devices for the control of high power.

Which of the following compound is coordination compounds?

Detailed Solution

The correct answer is K3. Coordination compound, any of a class of substances with chemical structures in which a central metal atom is surrounded by groups of atoms, called ligands, joined to it by chemical bonds. Here, potassium acts as a central metal atom.

What is the unit of MCQ?

The unit of frequency is vibration per second or Hertz.

The international system of units MCQ Question 6 Detailed Solution.

SI UnitCGS unitQuantity
meter (m)centimeter (cm)Distance
Kilogram (kg)gram (g)Mass
Newton (N)dyne (dyne)Force

Dated : 01-Jun-2022

Category : Education

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