The 'Financial Literacy' in India is promoted by RBI through: MCQ with Answer and Explanation

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The 'Financial Literacy' in India is promoted by RBI through:

A. tax collection

B. stock exchanges

C. import duties

D. financial education initiatives and awareness campaigns

Answer: Option D

Solution (By JKSSB Mock Tests)

RBI promotes financial literacy through various campaigns and initiatives.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'producer price index' measures prices received by:

A. producers for their output

B. consumers

C. retailers only

D. wholesalers only

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Correct Answer: Option A

Explanation:
Producer Price Index measures prices received by producers.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Fintech' revolution in financial services?

A. Only the activities of central banks

B. The use of technology to deliver financial services in new ways, often by non-traditional providers

C. The complete replacement of all traditional banks overnight

D. Only the use of paper-based processes

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Correct Answer: Option B

Explanation:
Fintech refers to technological innovation in the design and delivery of financial services, encompassing payments, lending, insurance, wealth management and other activities often provided by new entrants.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Contingency Fund of India' is held by:

A. RBI

B. President

C. Finance Minister

D. Prime Minister

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Correct Answer: Option B

Explanation:
The Contingency Fund of India is placed at the disposal of the President.

This question belongs to: Economy GK Economy Set 1

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