The 'Educational loan' under Pradhan Mantri Vidya Lakshmi Yojana is provided by: MCQ with Answer and Explanation

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The 'Educational loan' under Pradhan Mantri Vidya Lakshmi Yojana is provided by:

A. RBI

B. SEBI

C. banks and financial institutions

D. NABARD

Answer: Option C

Solution (By JKSSB Mock Tests)

Vidya Lakshmi is a portal for education loans from banks and financial institutions.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Mercosur' is a trading bloc in:

A. South America

B. Africa

C. Europe

D. Asia

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Correct Answer: Option A

Explanation:
Mercosur is a South American trading bloc including Argentina, Brazil, Paraguay and Uruguay.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a quantitative credit control measure of RBI?

A. Variable Reserve Requirements

B. Open Market Operations

C. Bank Rate Policy

D. Credit Rationing

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Correct Answer: Option D

Explanation:
Credit rationing is a qualitative (selective) credit control measure. Bank Rate, OMO and variable reserve ratios (CRR/SLR) are quantitative measures.

This question belongs to: Economy GK Economy Set 1

Question #3

A 'public good' is characterized by:

A. excludability and rivalry

B. non-excludability and non-rivalry

C. excludability and non-rivalry

D. non-excludability and rivalry

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Correct Answer: Option B

Explanation:
Public goods are non-excludable and non-rivalrous.

This question belongs to: Economy GK Economy Set 1

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