The apex institution for agricultural and rural credit in India is: MCQ with Answer and Explanation

The apex institution for agricultural and rural credit in India is:
A. RBI
B. NABARD
C. EXIM Bank
D. SIDBI
Answer: Option B
Solution (By JKSSB Mock Tests)
NABARD is the apex institution for agricultural and rural credit.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is NOT a determinant of the supply of a commodity?
A. Price of the commodity
B. Technology
C. Tastes and preferences of consumers
D. Cost of production

Correct Answer: Option C


Explanation:
Tastes and preferences of consumers affect demand, not supply. Supply is determined by price, cost of production, technology, prices of related goods, and government policies.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of behavioural finance, the 'Disposition Effect' refers to:
A. Perfectly rational realisation of gains and losses
B. Only the effect of taxes on trading
C. The tendency of investors to sell winning investments too early and hold losing investments too long
D. The tendency to sell losers and hold winners

Correct Answer: Option C


Explanation:
The disposition effect is the empirical regularity that investors are more likely to realise gains than losses, consistent with prospect-theory value functions and the reluctance to admit mistakes.

This question belongs to: Economy GK Economy Set 1
Question #3
A Special Economic Zone is a geographical region with:
A. liberal economic laws to promote exports and investment
B. complete prohibition of imports
C. higher tariffs than the rest of the country
D. no private sector activity

Correct Answer: Option A


Explanation:
SEZs have more liberal economic laws to promote exports and investment.

This question belongs to: Economy GK Economy Set 1