The Lead Bank Scheme was introduced in 1969 based on the recommendations of: MCQ with Answer and Explanation

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The Lead Bank Scheme was introduced in 1969 based on the recommendations of:

A. Narasimham Committee

B. Kelkar Committee

C. Gadgil Study Group

D. Rangarajan Committee

Answer: Option C

Solution (By JKSSB Mock Tests)

The Lead Bank Scheme was introduced on the recommendation of the Gadgil Study Group.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Buffer stock of food grains is maintained by the government mainly to:

A. support private traders

B. reduce agricultural production

C. meet shortages and stabilize prices

D. increase exports

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Correct Answer: Option C

Explanation:
Buffer stocks are maintained to meet emergencies and stabilize food grain prices.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' was first proposed in India by:

A. Gadgil Committee

B. Kelkar Task Force on FRBM? Actually Chelliah Committee

C. RBI

D. Narasimham Committee

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Correct Answer: Option B

Explanation:
GST was first proposed by the Chelliah Committee on tax reforms, not Kelkar.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Random Walk Hypothesis' of stock prices?

A. Only fundamental analysis is irrelevant

B. Technical analysis can systematically generate excess returns

C. Successive price changes are independent and stock prices fully reflect available information

D. Stock prices are predictable based on past patterns

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Correct Answer: Option C

Explanation:
The random walk hypothesis, closely related to the efficient market hypothesis, asserts that successive price changes are independent and that prices incorporate information so rapidly that future changes are unpredictable.

This question belongs to: Economy GK Economy Set 1

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