The 'Digital India' programme was launched in: MCQ with Answer and Explanation

Question
The 'Digital India' programme was launched in:
A. 2015
B. 2012
C. 2016
D. 2018
Answer: Option A
Solution (By JKSSB Mock Tests)
Digital India was launched in July 2015.
This question belongs to: Economy GK Economy Set 1
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Question #1
The 'Employees' Provident Funds and Miscellaneous Provisions Act' was enacted in which year?
A. 1948
B. 1956
C. 1961
D. 1952
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Correct Answer: Option D

Explanation:
EPF Act was enacted in 1952.
This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Non-Performing Asset' (NPA) in banking refers to:
A. Cash reserves of the bank
B. Government securities held by banks
C. An asset that generates income regularly
D. A loan on which interest or principal is overdue for a specified period
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Correct Answer: Option D

Explanation:
An NPA is a loan or advance where interest or principal remains overdue for a period of more than 90 days (as per RBI norms for term loans).
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the Indian external sector since the 1990s?
A. Fixed exchange rate without intervention
B. Complete isolation from global capital flows
C. Gradual liberalisation of trade and capital account with managed float
D. Ban on foreign direct investment
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Correct Answer: Option C

Explanation:
Since the 1991 reforms, India has progressively liberalised trade and capital flows while adopting a managed floating exchange rate regime.
This question belongs to: Economy GK Economy Set 1
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