The 'National Agriculture Market' e-NAM was launched in which year? MCQ with Answer and Explanation

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The 'National Agriculture Market' e-NAM was launched in which year?

A. 2018

B. 2014

C. 2017

D. 2016

Answer: Option D

Solution (By JKSSB Mock Tests)

e-NAM was launched in 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The term 'Repo Rate' is the rate at which:

A. Government borrows from the public

B. Banks lend to each other in the call market

C. Commercial banks borrow from the RBI against collateral of government securities

D. RBI borrows from commercial banks

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Correct Answer: Option C

Explanation:
Repo rate is the interest rate at which the RBI lends short-term funds to commercial banks against the collateral of government securities under the Liquidity Adjustment Facility.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Reverse repo rate' is the rate at which RBI:

A. borrows from banks against government securities

B. lends to the government

C. rediscounts bills

D. lends to banks

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Correct Answer: Option A

Explanation:
Reverse repo is the rate at which RBI borrows from banks against government securities.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on wind turbines is:

A. 18%

B. 5%

C. 28%

D. 12%

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Correct Answer: Option B

Explanation:
Wind turbines attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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