SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    Which country first experimented with the monetary policy of quantitative easing?

    A)  United Kingdom

    B)  United States of America

    C)  Japan

    D)  Germany

    Correct Answer: C

    Solution :

    [c] Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective. A policy termed 'quantitative easing' was first used by the Bank of Japan (BOJ) to fight domestic deflation in the early 2000s. The BOJ had maintained short-term interest rates at close to zero since 1999.

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