Statutory Liquidity Ratio is the percentage of NDTL that banks must maintain in: MCQ with Answer and Explanation

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Statutory Liquidity Ratio is the percentage of NDTL that banks must maintain in:

A. loans to government

B. cash with RBI only

C. gold, cash and approved securities

D. foreign exchange only

Answer: Option C

Solution (By JKSSB Mock Tests)

SLR requires banks to maintain liquid assets such as cash, gold and approved securities.

This question belongs to: Economy GK Economy Set 1

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Question #1

Returns to scale refers to the relationship between inputs and output when:

A. all factors are changed in the same proportion

B. only one factor is changed

C. technology is fixed

D. marginal cost is constant

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Correct Answer: Option A

Explanation:
Returns to scale describe the long-run response of output when all inputs change proportionally.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of the Indian economy, the 'Demographic Dividend' refers to:

A. Increase in the proportion of dependent population

B. Decline in the total population

C. Economic growth potential from a large working-age population

D. Increase in the old-age population only

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Correct Answer: Option C

Explanation:
Demographic dividend arises when a large share of the population is of working age, providing an opportunity for higher economic growth if this workforce is productively employed.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Know Your Customer' norms are aimed primarily at:

A. reducing interest rates

B. promoting bank loans

C. increasing bank profits

D. preventing money laundering and fraud

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Correct Answer: Option D

Explanation:
KYC norms help banks verify customer identity to prevent money laundering and fraud.

This question belongs to: Economy GK Economy Set 1

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