The 'Asian Development Bank' in India funds projects related to: MCQ with Answer and Explanation

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The 'Asian Development Bank' in India funds projects related to:

A. elections

B. military

C. infrastructure, energy, urban development and social sectors

D. space research

Answer: Option C

Solution (By JKSSB Mock Tests)

ADB funds infrastructure, energy, urban and social sector projects.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Green Revolution in India was primarily associated with:

A. high-yielding varieties of wheat and rice

B. organic farming

C. increasing output of pulses

D. horticulture

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Correct Answer: Option A

Explanation:
The Green Revolution introduced high-yielding varieties of wheat and rice.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Framing Effects' demonstrates that:

A. The way in which a choice is presented can systematically affect decisions even when the underlying outcomes are identical

B. Only the objective outcomes matter

C. Preferences are completely invariant to description

D. Framing never affects choices

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Correct Answer: Option A

Explanation:
Framing effects occur when logically equivalent descriptions of the same decision problem lead to different choices, violating the invariance assumption of standard rational-choice theory.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Credit Guarantee Fund Trust for Micro and Small Enterprises' provides guarantee cover to banks for loans to MSMEs.

A. False

B. True

C. Only for foreign companies

D. Only for large enterprises

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Correct Answer: Option B

Explanation:
CGTMSE provides credit guarantee to banks for loans to micro and small enterprises.

This question belongs to: Economy GK Economy Set 1

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