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. Foreign institutional investors

B. Stock markets

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

The 'Goods and Services Tax' on air freight is:

A. 18%

B. 5%

C. 12%

D. 28%

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Correct Answer: Option A

Explanation:
Air freight services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Housing Bank' is a subsidiary of:

A. NABARD

B. SIDBI

C. Reserve Bank of India

D. SEBI

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Correct Answer: Option C

Explanation:
The National Housing Bank is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on lottery, betting and gambling is part of the:

A. 18% slab

B. 28% slab plus cess

C. 5% slab

D. 12% slab

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Correct Answer: Option B

Explanation:
Lottery, betting and gambling are in the 28% slab.

This question belongs to: Economy GK Economy Set 1

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