The 'National Investment Fund' was created with the proceeds of: MCQ with Answer and Explanation

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The 'National Investment Fund' was created with the proceeds of:

A. borrowings

B. disinvestment of central public sector enterprises

C. taxes

D. foreign aid

Answer: Option B

Solution (By JKSSB Mock Tests)

National Investment Fund was created with disinvestment proceeds.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Payment of Bonus Act' was enacted in India in which year?

A. 1972

B. 1956

C. 1976

D. 1965

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Correct Answer: Option D

Explanation:
The Payment of Bonus Act was enacted in 1965.

This question belongs to: Economy GK Economy Set 1

Question #2

SEBI was given statutory status in which year?

A. 1988

B. 1995

C. 1992

D. 2000

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Correct Answer: Option C

Explanation:
SEBI was established in 1988 and given statutory status in 1992.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is the correct sequence of stages in the business cycle?

A. Trough, Peak, Expansion, Contraction

B. Peak, Expansion, Trough, Contraction

C. Expansion, Peak, Contraction, Trough

D. Contraction, Expansion, Peak, Trough

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Correct Answer: Option C

Explanation:
The typical stages of a business cycle are expansion (recovery), peak (boom), contraction (recession) and trough (depression), and then the cycle repeats.

This question belongs to: Economy GK Economy Set 1

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