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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Practice More Economy Set 1 Questions

Question #1

The primary objective of the Reserve Bank of India's monetary policy is to:

A. manage government expenditure

B. eliminate fiscal deficit

C. maintain price stability while keeping in mind the objective of growth

D. maximize exports

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Correct Answer: Option C

Explanation:
The RBI's monetary policy aims primarily to maintain price stability while supporting economic growth.

This question belongs to: Economy GK Economy Set 1

Question #2

The Reserve Bank of India was established in 1935 under the:

A. Banking Regulation Act, 1949

B. Companies Act, 1956

C. Reserve Bank of India Act, 1934

D. Negotiable Instruments Act, 1881

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Correct Answer: Option C

Explanation:
The RBI was established under the Reserve Bank of India Act, 1934.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Indian capital account?

A. Complete ban on capital inflows

B. Complete convertibility for all capital transactions

C. Partial convertibility with controls on certain capital flows

D. Only current account convertibility without any capital flows

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Correct Answer: Option C

Explanation:
India has achieved current account convertibility but maintains a managed and partial capital account convertibility with prudential controls on certain flows.

This question belongs to: Economy GK Economy Set 1

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