The 'Banking Regulation Act' was passed in which year? MCQ with Answer and Explanation

Question
The 'Banking Regulation Act' was passed in which year?
A. 1956
B. 1934
C. 1949
D. 1969
Answer: Option C
Solution (By JKSSB Mock Tests)
The Banking Regulation Act was passed in 1949.
This question belongs to: Economy GK Economy Set 1
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
In the context of labour economics, the 'Matching Function' in search theory relates:
A. The number of job matches to the stocks of unemployed workers and vacancies
B. Only labour demand to the real wage
C. Only wages to productivity
D. Only labour supply to the real wage
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The matching function in search-and-matching models describes how the flow of new hires depends on the number of unemployed workers and the number of job vacancies.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' on software services is:
A. 28%
B. 12%
C. 18%
D. 5%
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Software services attract 18% GST.
This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Opportunity Cost of Holding Money' is related to:
A. The cost of producing goods
B. The cost of printing money
C. The cost of banking services only
D. The interest forgone by holding cash instead of interest-bearing assets
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The opportunity cost of holding money is the interest income that could have been earned by holding interest-bearing assets instead of cash.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Maths 5575 Computer 5279 Current Affairs 575 Static General Knowledge 6362 History GK 3374
Practice Mix
Which dance of Nagaland is performed during the 'Moatsu' festival?
The compound interest on Rs. 3000 at 8% per annum for 1 year compounded half-yearly is:
The Right to Education Act was enacted in:
Select the antonym of 'KNOTTY'.
A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?