The 'Interest Subvention Scheme' for farmers is implemented by: MCQ with Answer and Explanation

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The 'Interest Subvention Scheme' for farmers is implemented by:

A. NABARD and the Government

B. RBI

C. IRDAI

D. SEBI

Answer: Option A

Solution (By JKSSB Mock Tests)

The interest subvention scheme for farmers is implemented by NABARD and the government.

This question belongs to: Economy GK Economy Set 1

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Question #1

In India, the exchange rate of the rupee is best described as:

A. fixed by the government

B. fully floating with no RBI intervention

C. pegged to the dollar

D. managed floating

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Correct Answer: Option D

Explanation:
India follows a managed floating exchange rate system with occasional RBI intervention.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Kisan Credit Card' was introduced in which year?

A. 1998

B. 2005

C. 2001

D. 1995

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Correct Answer: Option A

Explanation:
Kisan Credit Card was introduced in 1998.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Chief Executive Officer' of NITI Aayog is appointed by:

A. Parliament

B. Finance Minister

C. Prime Minister

D. President

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Correct Answer: Option C

Explanation:
The CEO of NITI Aayog is appointed by the Prime Minister.

This question belongs to: Economy GK Economy Set 1

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