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. Kelkar Committee

B. Narasimham 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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Question #1

The 'Goods and Services Tax' on R&D services is:

A. 5%

B. 28%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Research and development services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Jal Jeevan Mission' aims to provide tap water to rural households by:

A. 2022

B. 2024

C. 2025

D. 2030

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Correct Answer: Option B

Explanation:
Jal Jeevan Mission aims to provide tap water to all rural households by 2024.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Marginal Rate of Substitution' is derived from:

A. Cost curves

B. Indifference curve analysis

C. Supply curve

D. Production possibility frontier

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Correct Answer: Option B

Explanation:
The Marginal Rate of Substitution (MRS) is the rate at which a consumer is willing to give up one good for another while remaining on the same indifference curve.

This question belongs to: Economy GK Economy Set 1

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