SEBI was given statutory status in which year? MCQ with Answer and Explanation

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SEBI was given statutory status in which year?

A. 1995

B. 2000

C. 1988

D. 1992

Answer: Option D

Solution (By JKSSB Mock Tests)

SEBI was established in 1988 and given statutory status in 1992.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Fiscal Consolidation' refers to policies aimed at:

A. Only printing money to finance deficits

B. Reducing the fiscal deficit and improving the sustainability of public finances

C. Only increasing tax rates without expenditure reform

D. Increasing the fiscal deficit continuously

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Correct Answer: Option B

Explanation:
Fiscal consolidation involves measures to reduce the fiscal deficit and put government debt on a sustainable path through a combination of revenue and expenditure reforms.

This question belongs to: Economy GK Economy Set 1

Question #2

First-degree price discrimination occurs when a monopolist:

A. charges each consumer the maximum price they are willing to pay

B. charges different prices in different markets

C. sells in bulk at a lower price

D. charges a single uniform price

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Correct Answer: Option A

Explanation:
First-degree price discrimination, also called perfect price discrimination, charges each consumer their maximum willingness to pay.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Gross Value Added at basic prices' equals GDP at market prices minus:

A. indirect taxes net of subsidies plus net product taxes

B. indirect taxes plus subsidies

C. depreciation

D. factor income from abroad

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Correct Answer: Option A

Explanation:
GVA at basic prices equals GDP at market prices minus net product taxes and other adjustments.

This question belongs to: Economy GK Economy Set 1

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