1
UPSC Civil Service Prelims Paper I 2021 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language
Which among the following steps is most likely to be taken at the time of an economic recession?
A
Cut in tax rates accompanied by increase in interest rate
B
Increase in expenditure on public projects
C
Increase in tax rates accompanied by reduction of interest rate
D
Reduction of expenditure on public projects
2
UPSC Civil Service Prelims Paper I 2021 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

In India, the central bank’s function as the ‘lender of last resort’ usually refers to which of the following?

1. Lending to trade and industry bodies when they fail to borrow from other sources

2. Providing liquidity to the banks having a temporary crisis

3. Lending to governments to finance budgetary deficits

Select the correct answer using the code given below.

A
1 and 2
B
2 only
C
2 and 3
D
3 only
3
UPSC Civil Service Prelims Paper I 2021 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language
The money multiplier in an economy increases with which one of the following?
A
Increase in the Cash Reserve Ratio in the banks
B
Increase in the Statutory Liquidity Ratio in the banks
C
Increase in the banking habit of the people
D
Increase in the population of the country
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Comprehension
Data Interpretation and Sufficiency
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