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

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The 'Banking Regulation Act' was passed in which year?

A. 1949

B. 1934

C. 1956

D. 1969

Answer: Option A

Solution (By JKSSB Mock Tests)

The Banking Regulation Act was passed in 1949.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

GDP at market prices equals GDP at factor cost:

A. minus indirect taxes minus subsidies

B. minus indirect taxes plus subsidies

C. plus indirect taxes plus subsidies

D. plus indirect taxes minus subsidies

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Correct Answer: Option D

Explanation:
GDP at market prices = GDP at factor cost + indirect taxes - subsidies.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'national income' can be expressed as NNP at factor cost, which equals NNP at market prices minus:

A. indirect taxes plus subsidies

B. direct taxes

C. depreciation

D. subsidies

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Correct Answer: Option A

Explanation:
NNP at factor cost = NNP at market prices - indirect taxes + subsidies.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Mid-Day Meal Scheme' is now known as:

A. PM POSHAN

B. PM JAN DHAN

C. PM AWAAS

D. PM KISAN

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Correct Answer: Option A

Explanation:
Mid-Day Meal Scheme has been renamed PM POSHAN.

This question belongs to: Economy GK Economy Set 1

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