The 'liquidity adjustment facility' was introduced in India based on the recommendations of: MCQ with Answer and Explanation

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The 'liquidity adjustment facility' was introduced in India based on the recommendations of:

A. Rangarajan Committee

B. Narasimham Committee

C. Urjit Patel Committee

D. Kelkar Committee

Answer: Option B

Solution (By JKSSB Mock Tests)

The Liquidity Adjustment Facility was introduced in 2000 based on Narasimham Committee recommendations.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of market structures, 'Price Discrimination' is possible under:

A. Both perfect competition and monopoly equally

B. Only in agricultural markets

C. Monopoly

D. Perfect competition

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Correct Answer: Option C

Explanation:
Price discrimination (charging different prices to different consumers for the same product) is typically possible under monopoly where the firm has market power and can segment markets.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Purchasing Managers' Index' for India is compiled by:

A. S&P Global and other agencies

B. NSO

C. SEBI

D. RBI

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Correct Answer: Option A

Explanation:
India's PMI is compiled by S&P Global and other agencies.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Planning Commission' was replaced by NITI Aayog in which year?

A. 2016

B. 2017

C. 2015

D. 2013

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Correct Answer: Option C

Explanation:
The Planning Commission was replaced by NITI Aayog in 2015.

This question belongs to: Economy GK Economy Set 1

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