The 'Export Import Bank of India' provides: MCQ with Answer and Explanation

The 'Export Import Bank of India' provides:
A. microfinance
B. export credit and finance
C. retail banking
D. crop loans
Answer: Option B
Solution (By JKSSB Mock Tests)
EXIM Bank provides export credit and finance.

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Practice More Economy Set 1 Questions

Question #1
The 'Gross National Disposable Income' equals GNP at market prices plus:
A. indirect taxes
B. net current transfers from abroad
C. net factor income from abroad
D. depreciation

Correct Answer: Option B


Explanation:
Gross National Disposable Income = GNP at market prices + net current transfers from abroad.

This question belongs to: Economy GK Economy Set 1
Question #2
National Population Policy 2000 aims to achieve replacement level fertility by:
A. 2015
B. 2045
C. 2020
D. 2010

Correct Answer: Option D


Explanation:
The National Population Policy 2000 aimed to achieve replacement level fertility by 2010.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following has been a major driver of service sector growth in India?
A. Decline in domestic and global demand
B. Complete restriction on foreign investment in services
C. Only growth in agricultural productivity
D. IT and IT-enabled services, liberalisation and rising incomes

Correct Answer: Option D


Explanation:
The expansion of IT and ITES, financial services, trade and tourism, supported by liberalisation and rising incomes, has driven the rapid growth of India's service sector.

This question belongs to: Economy GK Economy Set 1