The Insolvency and Bankruptcy Code was enacted in which year? MCQ with Answer and Explanation

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The Insolvency and Bankruptcy Code was enacted in which year?

A. 2016

B. 2015

C. 2019

D. 2013

Answer: Option A

Solution (By JKSSB Mock Tests)

The Insolvency and Bankruptcy Code was enacted in 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'International Monetary Fund' has how many member countries?

A. 150

B. 190

C. 193

D. 164

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Correct Answer: Option B

Explanation:
The IMF has 190 member countries.

This question belongs to: Economy GK Economy Set 1

Question #2

When marginal product is zero, total product is:

A. negative

B. equal to average product

C. maximum

D. minimum

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Correct Answer: Option C

Explanation:
Total product is maximum when marginal product is zero.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a major objective of monetary policy in India?

A. Maximising inflation

B. Promoting only imports

C. Maximising the fiscal deficit

D. Maintaining price stability while keeping in mind the objective of growth

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Correct Answer: Option D

Explanation:
Under the Monetary Policy Framework Agreement, the primary objective of the RBI is to maintain price stability while keeping in mind the objective of growth.

This question belongs to: Economy GK Economy Set 1

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