In the context of Indian economy, which of the following is a major source of agricultural credit? MCQ with Answer and Explanation

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In the context of Indian economy, which of the following is a major source of agricultural credit?

A. Stock markets

B. Foreign institutional investors

C. Commercial banks and cooperative banks

D. Mutual funds

Answer: Option C

Solution (By JKSSB Mock Tests)

Agricultural credit in India is primarily provided by commercial banks, regional rural banks and cooperative banks, along with NABARD refinancing.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following was a central objective of the Mahalanobis strategy in the Second Plan?

A. land reforms

B. investment in heavy and capital goods industries

C. promotion of cottage industries

D. export promotion

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Correct Answer: Option B

Explanation:
The Mahalanobis strategy emphasized investment in heavy and capital goods industries.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Sagarmala' programme was launched in:

A. 2013

B. 2016

C. 2017

D. 2015

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Correct Answer: Option D

Explanation:
Sagarmala was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of a developed financial market?

A. Limited participation of institutions

B. High transaction costs

C. Low liquidity

D. Wide range of financial instruments

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Correct Answer: Option D

Explanation:
Developed financial markets offer a wide range of instruments, high liquidity, low transaction costs and broad institutional participation.

This question belongs to: Economy GK Economy Set 1

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