The 'Export-Import Bank of India' was established in which year? MCQ with Answer and Explanation

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The 'Export-Import Bank of India' was established in which year?

A. 1980

B. 1982

C. 1990

D. 1995

Answer: Option B

Solution (By JKSSB Mock Tests)

EXIM Bank was established in 1982.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Antyodaya Anna Yojana' was launched in:

A. 2010

B. 2005

C. 1995

D. 2000

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Correct Answer: Option D

Explanation:
Antyodaya Anna Yojana was launched in December 2000.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'deflation' refers to:

A. a fall in unemployment

B. a rise in inflation

C. a fall in the rate of inflation

D. a sustained fall in the general price level

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Correct Answer: Option D

Explanation:
Deflation is a sustained decline in the general price level.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'shadow economy' refers to:

A. formal sector activities

B. stock market

C. unreported economic activities outside the formal sector

D. banking sector

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Correct Answer: Option C

Explanation:
The shadow economy consists of unreported economic activities.

This question belongs to: Economy GK Economy Set 1

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