The 'Banking Ombudsman' is appointed for a tenure of: MCQ with Answer and Explanation

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The 'Banking Ombudsman' is appointed for a tenure of:

A. 6 years

B. 3 years

C. 1 year

D. 5 years

Answer: Option B

Solution (By JKSSB Mock Tests)

Banking Ombudsmen are appointed for a three-year term.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'KUSUM' scheme aims to promote:

A. nuclear power

B. wind energy in industries

C. solar power in agriculture

D. biogas in urban areas

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Correct Answer: Option C

Explanation:
PM-KUSUM promotes solar power in agriculture including solar pumps and grid-connected solar plants.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'current daily status' of unemployment measures unemployment on:

A. weekly basis

B. a day basis

C. yearly basis

D. monthly basis

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Correct Answer: Option B

Explanation:
Current daily status measures unemployment for each day of the reference week.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a characteristic of money?

A. Divisibility

B. Durability

C. Perishability as a desirable feature

D. Portability

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Correct Answer: Option C

Explanation:
Desirable characteristics of money include durability, portability, divisibility, uniformity and limited supply. Perishability is undesirable as money should retain value over time.

This question belongs to: Economy GK Economy Set 1

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