The 'Banking Ombudsman' scheme was introduced in India in which year? MCQ with Answer and Explanation

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The 'Banking Ombudsman' scheme was introduced in India in which year?

A. 2000

B. 1990

C. 2005

D. 1995

Answer: Option D

Solution (By JKSSB Mock Tests)

The Banking Ombudsman scheme was introduced in 1995.

This question belongs to: Economy GK Economy Set 1

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Question #1

The free-rider problem is associated with:

A. private goods

B. public goods

C. club goods

D. common resources

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Correct Answer: Option B

Explanation:
Public goods are non-excludable, so individuals can benefit without paying, creating the free-rider problem.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Court of Justice' is headquartered at:

A. Vienna

B. The Hague

C. New York

D. Geneva

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Correct Answer: Option B

Explanation:
The International Court of Justice is headquartered at The Hague, Netherlands.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Economic Survey' is the annual flagship document of:

A. SEBI

B. Ministry of Finance

C. NITI Aayog

D. RBI

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Correct Answer: Option B

Explanation:
Economic Survey is the flagship annual document of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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