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. RBI only

C. NABARD 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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Question #1

The 'Norges Bank Investment Management' manages the sovereign wealth fund of:

A. Saudi Arabia

B. UAE

C. Norway

D. China

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Correct Answer: Option C

Explanation:
Norges Bank Investment Management manages Norway's Government Pension Fund Global.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on healthcare and education being exempt is intended to:

A. make essential services affordable

B. increase government revenue

C. increase tax burden

D. promote imports

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Correct Answer: Option A

Explanation:
Exempting essential services like health and education makes them affordable.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on ambulance services is:

A. 5%

B. exempt

C. 18%

D. 0%

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Correct Answer: Option B

Explanation:
Ambulance services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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