The 'National Housing Bank' is a subsidiary of: MCQ with Answer and Explanation

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The 'National Housing Bank' is a subsidiary of:

A. SEBI

B. SIDBI

C. Reserve Bank of India

D. NABARD

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Housing Bank is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Safeguard duty' is imposed under WTO rules to:

A. tax all exports

B. temporarily protect domestic industry from a sudden surge in imports

C. promote free trade

D. permanently ban imports

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Correct Answer: Option B

Explanation:
Safeguard duty is a temporary measure to protect domestic industry from an import surge.

This question belongs to: Economy GK Economy Set 1

Question #2

Zero-based budgeting requires that:

A. previous year's budget is the base for all allocations

B. deficit is zero

C. only capital expenditure is budgeted

D. every expenditure item is justified from zero each year

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Correct Answer: Option D

Explanation:
Zero-based budgeting requires all expenditures to be justified from zero each budget period.

This question belongs to: Economy GK Economy Set 1

Question #3

The Phillips Curve shows the relationship between:

A. Money supply and price level

B. Interest rate and investment

C. Unemployment and inflation

D. Inflation and economic growth

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Correct Answer: Option C

Explanation:
The Phillips Curve illustrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy in the short run.

This question belongs to: Economy GK Economy Set 1

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