MGNREGA was enacted in which year? MCQ with Answer and Explanation

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MGNREGA was enacted in which year?

A. 2003

B. 2005

C. 2010

D. 2007

Answer: Option B

Solution (By JKSSB Mock Tests)

MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In a Lorenz curve diagram, the diagonal line represents:

A. perfect equality of income distribution

B. poverty line

C. economic growth

D. complete income inequality

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Correct Answer: Option A

Explanation:
The diagonal line in the Lorenz curve diagram represents perfect income equality.

This question belongs to: Economy GK Economy Set 1

Question #2

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Non-Banking Financial Companies are regulated by:

A. SEBI

B. IRDA

C. Ministry of Finance

D. Reserve Bank of India

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Correct Answer: Option D

Explanation:
NBFCs are regulated by the Reserve Bank of India.

This question belongs to: Economy GK Economy Set 1

Question #3

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Certificate of deposit is issued by:

A. stock exchanges

B. banks and financial institutions

C. mutual funds

D. RBI only

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Correct Answer: Option B

Explanation:
Certificates of deposit are issued by banks and financial institutions.

This question belongs to: Economy GK Economy Set 1

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