The Narasimham Committee was associated with reforms in: MCQ with Answer and Explanation

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The Narasimham Committee was associated with reforms in:

A. banking and financial sector

B. labour laws

C. agriculture

D. taxation

Answer: Option A

Solution (By JKSSB Mock Tests)

The Narasimham Committee recommended banking and financial sector reforms.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Bharat Interface for Money' is a mobile application for:

A. UPI-based payments

B. insurance

C. tax payment

D. loan applications

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Correct Answer: Option A

Explanation:
BHIM is a UPI-based mobile payment app.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Mundell-Tobin Effect'?

A. Only monetary neutrality holds

B. Inflation has no effect on capital accumulation

C. Higher inflation can reduce the real interest rate and raise capital accumulation in some portfolio-balance models

D. Inflation always raises the real interest rate

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Correct Answer: Option C

Explanation:
The Mundell-Tobin effect suggests that an increase in expected inflation may lower the real return on money, inducing a portfolio shift toward real capital and thereby raising steady-state capital intensity.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Anti-profiteering Authority' under GST was set up to ensure:

A. higher GST collections

B. benefits of GST rate cuts are passed to consumers

C. more exports

D. fewer returns

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Correct Answer: Option B

Explanation:
National Anti-profiteering Authority ensures that tax reductions are passed on to consumers.

This question belongs to: Economy GK Economy Set 1

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