The 'Financial Stability and Development Council' is chaired by: MCQ with Answer and Explanation

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The 'Financial Stability and Development Council' is chaired by:

A. Prime Minister

B. SEBI Chairman

C. Union Finance Minister

D. RBI Governor

Answer: Option C

Solution (By JKSSB Mock Tests)

The Financial Stability and Development Council is chaired by the Union Finance Minister.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The Reserve Bank of India acts as lender of last resort by:

A. providing funds to banks when they cannot obtain funds from other sources

B. lending only to the central government

C. issuing currency against gold

D. giving loans to the public at low interest

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Correct Answer: Option A

Explanation:
The RBI as lender of last resort provides funds to banks facing liquidity crises when other sources are unavailable.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Equal Remuneration Act' was enacted in India in which year?

A. 1970

B. 1986

C. 1980

D. 1976

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Correct Answer: Option D

Explanation:
The Equal Remuneration Act was enacted in 1976.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a component of India's foreign exchange reserves?

A. Gold

B. Foreign direct investment

C. SDRs

D. Foreign currency assets

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Correct Answer: Option B

Explanation:
FDI is a capital flow, not a component of foreign exchange reserves.

This question belongs to: Economy GK Economy Set 1

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