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

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Regional Rural Banks are sponsored by:

A. NABARD only

B. State governments 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

The 'Universal Immunization Programme' aims to protect children against:

A. vaccine-preventable diseases including polio, measles, tuberculosis and others

B. only COVID-19

C. only polio

D. only smallpox

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Correct Answer: Option A

Explanation:
Universal Immunization Programme protects children against multiple vaccine-preventable diseases.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on casinos is:

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option B

Explanation:
Casino services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Invisible Trade' in the balance of payments includes:

A. Only capital transfers

B. Trade in services, income and unilateral transfers

C. Only foreign direct investment

D. Trade in merchandise goods only

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Correct Answer: Option B

Explanation:
Invisible trade (invisibles) comprises services (travel, transportation, software, etc.), primary income and secondary income (transfers).

This question belongs to: Economy GK Economy Set 1

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