Question : The main objective of the monetary policy is:
Option 1: Price stability
Option 2: Economic growth
Option 3: Employment generation
Option 4: Poverty alleviation
Correct Answer: Price stability
Solution : The correct answer is (a). Price stability
The main objective of monetary policy is to maintain price stability within an economy. Price stability refers to a low and stable rate of inflation over time. By controlling the money supply and interest rates, central banks aim to keep inflation in check and ensure stable prices. While other factors such as economic growth, employment generation, and poverty alleviation are important, they are typically addressed through other policy measures such as fiscal policy and structural reforms.
Question : What is the primary objective of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)?
Option 1: Poverty alleviation
Option 2: Infrastructure development
Option 3: Skill development
Option 4: Industrial growth
Question : The process of increasing the money supply and/or lowering interest rates in order to stimulate economic growth is known as:
Option 1: Fiscal policy
Option 2: Monetary policy
Option 3: Budgetary policy
Option 4: Industrial policy
Question : The general target of the monetary policy is to ensure___________.
A) price stability in the economy
B) greater tax collections for the government
C) employment generation in the rural areas
Option 1: Both B and C
Option 2: Only C
Option 3: Both A and B
Option 4: Only A
Question : Which objective of government budget is highlighted here? Budgetary policy involves maintaining income and wealth equality with the help of government.
Option 1: Reallocation of resources
Option 2: Reducing income inequalities
Option 3: Economic stability
Option 4: Economics growth
Question : What is the main objective of the Rashtriya Swasthya Bima Yojana (RSBY)?
Option 2: Skill development
Option 3: Universal healthcare coverage
Option 4: Environmental conservation
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