Regional Rural Banks are sponsored by: MCQ with Answer and Explanation

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Regional Rural Banks are sponsored by:

A. State governments only

B. NABARD only

C. RBI only

D. scheduled commercial banks

Answer: Option D

Solution (By JKSSB Mock Tests)

Regional Rural Banks are sponsored by scheduled commercial banks along with central and state governments.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is NOT a cause of the balance of payments deficit?

A. Large capital inflows

B. High external debt servicing

C. High import intensity

D. Low export competitiveness

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Correct Answer: Option A

Explanation:
Large capital inflows help finance the current account and improve the overall balance of payments. High imports, low exports and debt servicing contribute to BOP problems.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of cost, the relationship between Average Cost (AC) and Marginal Cost (MC) is:

A. When MC < AC, AC is rising

B. When MC > AC, AC is falling

C. When MC = AC, AC is minimum

D. MC is always greater than AC

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Correct Answer: Option C

Explanation:
When Marginal Cost equals Average Cost, Average Cost is at its minimum. If MC is below AC, AC falls; if MC is above AC, AC rises.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Third Five Year Plan' period was:

A. 1969-1974

B. 1956-1961

C. 1961-1966

D. 1966-1971

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Correct Answer: Option C

Explanation:
The Third Five Year Plan covered 1961-1966.

This question belongs to: Economy GK Economy Set 1

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