In 1969, the Government of India nationalized how many major commercial banks? MCQ with Answer and Explanation

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In 1969, the Government of India nationalized how many major commercial banks?

A. 20

B. 10

C. 6

D. 14

Answer: Option D

Solution (By JKSSB Mock Tests)

In 1969, 14 major commercial banks were nationalized.

This question belongs to: Economy GK Economy Set 1

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The 'currency swap' between two central banks is:

A. import of goods

B. permanent exchange of currencies

C. purchase of gold

D. a loan of domestic currency against foreign currency with an agreement to reverse later

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Correct Answer: Option D

Explanation:
A currency swap is a temporary exchange of currencies between central banks to provide liquidity.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Belt and Road Initiative' was announced by China in which year?

A. 2015

B. 2017

C. 2008

D. 2013

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Correct Answer: Option D

Explanation:
Belt and Road Initiative was announced in 2013.

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Question #3

Which of the following is a feature of a public good?

A. Rivalrous and non-excludable

B. Non-rivalrous and excludable

C. Rivalrous and excludable

D. Non-rivalrous and non-excludable

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Correct Answer: Option D

Explanation:
Public goods are non-rivalrous and non-excludable.

This question belongs to: Economy GK Economy Set 1

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