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. 3 years

B. 5 years

C. 1 year

D. 6 years

Answer: Option A

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 'Foreign Portfolio Investor' route in India is regulated by:

A. IRDAI

B. RBI only

C. SEBI

D. PFRDA

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Correct Answer: Option C

Explanation:
Foreign Portfolio Investors are regulated by SEBI.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Ease of Doing Business Report' was published by:

A. UNCTAD

B. IMF

C. WTO

D. World Bank

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Correct Answer: Option D

Explanation:
The Ease of Doing Business Report was published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Liquidity Preference' theory of interest was given by:

A. Classical economists

B. Knut Wicksell

C. John Maynard Keynes

D. Irving Fisher

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Correct Answer: Option C

Explanation:
Keynes proposed the liquidity preference theory, which states that the rate of interest is determined by the demand for and supply of money, where demand arises from transactions, precautionary and speculative motives.

This question belongs to: Economy GK Economy Set 1

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