The 'National Skill Development Corporation' was set up as a: MCQ with Answer and Explanation

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The 'National Skill Development Corporation' was set up as a:

A. regulatory body

B. state-owned company only

C. public-private partnership

D. government department

Answer: Option C

Solution (By JKSSB Mock Tests)

NSDC is a public-private partnership for skill development.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'National Social Assistance Programme' provides social assistance to:

A. all citizens

B. children only

C. government employees

D. elderly, widows and disabled persons in need

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Correct Answer: Option D

Explanation:
NSAP provides social assistance to elderly, widows and persons with disabilities.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'currency board' system is a form of:

A. fixed exchange rate with full backing of domestic currency by foreign reserves

B. managed float

C. floating exchange rate

D. free float

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Correct Answer: Option A

Explanation:
A currency board pegs the domestic currency to a foreign currency with full reserve backing.

This question belongs to: Economy GK Economy Set 1

Question #3

Insurance Regulatory and Development Authority of India was established in which year?

A. 1999

B. 2003

C. 2008

D. 1991

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Correct Answer: Option A

Explanation:
IRDAI was established in 1999 following the IRDA Act.

This question belongs to: Economy GK Economy Set 1

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