The 'NABARD' was established on the recommendation of which committee? MCQ with Answer and Explanation

The 'NABARD' was established on the recommendation of which committee?
A. Gadgil Committee
B. Narasimham Committee
C. Rangarajan Committee
D. Sivaraman Committee
Answer: Option D
Solution (By JKSSB Mock Tests)
NABARD was established on the recommendation of the Sivaraman Committee.

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Practice More Economy Set 1 Questions

Question #1
In the context of international trade, 'Voluntary Export Restraint' is an example of:
A. Tariff barrier
B. Free trade agreement
C. Export promotion measure
D. Non-tariff barrier

Correct Answer: Option D


Explanation:
A Voluntary Export Restraint (VER) is a non-tariff barrier under which an exporting country agrees to limit the quantity of exports to a particular country.

This question belongs to: Economy GK Economy Set 1
Question #2
The target of installed renewable energy capacity set by India for 2030 is:
A. 100 GW
B. 450 GW
C. 500 GW
D. 175 GW

Correct Answer: Option C


Explanation:
India has set a target of 500 GW of non-fossil fuel capacity by 2030.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the Indian industrial policy after 1991?
A. Complete nationalisation of industries
B. Liberalisation, delicensing and greater role for private sector
C. Restriction on foreign investment
D. Expansion of the licence-permit raj

Correct Answer: Option B


Explanation:
The 1991 Industrial Policy emphasised liberalisation, abolition of industrial licensing for most industries, and encouragement of private and foreign investment.

This question belongs to: Economy GK Economy Set 1