NABARD was established in 1982 based on the recommendations of: MCQ with Answer and Explanation

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NABARD was established in 1982 based on the recommendations of:

A. Narasimham Committee

B. Kelkar Committee

C. Sivaraman Committee

D. Rangarajan Committee

Answer: Option C

Solution (By JKSSB Mock Tests)

NABARD was established on the recommendation of the Sivaraman Committee.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Finance Commission' is appointed under which article?

A. Article 324

B. Article 360

C. Article 280

D. Article 356

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Correct Answer: Option C

Explanation:
The Finance Commission is constituted under Article 280.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of monetary policy, the 'Corridor' system refers to:

A. The range of fiscal deficit targets

B. The range between repo and reverse repo rates

C. The range of CRR variations

D. The range of exchange rate fluctuations

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Correct Answer: Option B

Explanation:
The policy rate corridor is defined by the repo rate (ceiling) and reverse repo rate (floor), within which the overnight inter-bank rate fluctuates.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Buffer-Stock' theory of money demand?

A. Money is held only for speculative purposes

B. Individuals hold money as a buffer against unforeseen fluctuations in income and expenditure

C. Only the transactions motive matters and uncertainty is irrelevant

D. Money demand is independent of uncertainty

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Correct Answer: Option B

Explanation:
Buffer-stock models emphasise that money balances serve as a short-run shock absorber, allowing agents to smooth consumption in the face of transitory income or expenditure shocks.

This question belongs to: Economy GK Economy Set 1

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