The 'Insolvency and Bankruptcy Board of India' regulates: MCQ with Answer and Explanation

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The 'Insolvency and Bankruptcy Board of India' regulates:

A. insolvency professionals and agencies

B. stock exchanges

C. banks only

D. insurance companies

Answer: Option A

Solution (By JKSSB Mock Tests)

IBBI regulates insolvency professionals, agencies and information utilities.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Index of Eight Core Industries' comprises which proportion of the weight in the Index of Industrial Production?

A. 80%

B. 60%

C. 40%

D. 20%

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Correct Answer: Option C

Explanation:
The eight core industries have a combined weight of about 40.27% in the Index of Industrial Production.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Pradhan Mantri Matru Vandana Yojana' provides maternity benefits to:

A. only working women

B. all women

C. pregnant and lactating mothers

D. only adolescent girls

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Correct Answer: Option C

Explanation:
PMMVY provides maternity benefits to pregnant and lactating mothers.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Phillips curve' in the long run is generally considered to be:

A. horizontal

B. downward sloping

C. vertical at the natural rate of unemployment

D. upward sloping

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Correct Answer: Option C

Explanation:
The long-run Phillips curve is vertical, implying no permanent trade-off between inflation and unemployment.

This question belongs to: Economy GK Economy Set 1

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