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. Kelkar Committee

B. Rangarajan Committee

C. Narasimham Committee

D. Urjit Patel Committee

Answer: Option C

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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Which of the following is a major objective of economic planning in a developing country?

A. Achieving higher growth with social justice and poverty reduction

B. Only maximising exports without domestic development

C. Complete reliance on market forces without intervention

D. Maximising inequality

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Correct Answer: Option A

Explanation:
Economic planning in developing countries typically aims at accelerating growth, reducing poverty, promoting equity and modernising the economic structure.

This question belongs to: Economy GK Economy Set 1

Question #2

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Hyperinflation is characterized by:

A. stable prices

B. extremely rapid and out-of-control rise in prices

C. falling prices

D. slow price rise

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Correct Answer: Option B

Explanation:
Hyperinflation is extremely rapid and uncontrollable price inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of the 'Foundational Economy' approach?

A. Focus only on high-tech export sectors

B. Focus only on financial services

C. Focus only on luxury consumption

D. Focus on the essential goods and services that keep citizens safe, healthy and educated, often provided collectively

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Correct Answer: Option D

Explanation:
The foundational economy comprises the everyday goods and services—utilities, food, health, education, care—that are essential for civilised life and are often most effectively provided through collective arrangements.

This question belongs to: Economy GK Economy Set 1

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