The 'National Bank for Agriculture and Rural Development' was established in which year? MCQ with Answer and Explanation

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The 'National Bank for Agriculture and Rural Development' was established in which year?

A. 1975

B. 1982

C. 1991

D. 1969

Answer: Option B

Solution (By JKSSB Mock Tests)

NABARD was established in 1982.

This question belongs to: Economy GK Economy Set 1

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Question #1

Non-Banking Financial Companies are regulated by:

A. SEBI

B. Ministry of Finance

C. Reserve Bank of India

D. IRDA

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Correct Answer: Option C

Explanation:
NBFCs are regulated by the Reserve Bank of India.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'income effect' of a price rise in a normal good leads to:

A. decreased purchase of the good

B. increased purchase of the good

C. no change in purchase

D. purchase of inferior goods only

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Correct Answer: Option A

Explanation:
A price rise reduces real income, so the income effect causes less purchase of a normal good.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Securities and Exchange Board of India' was established in 1988 but became a statutory body in:

A. 1990

B. 2000

C. 1995

D. 1992

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Correct Answer: Option D

Explanation:
SEBI became a statutory body in 1992.

This question belongs to: Economy GK Economy Set 1

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