The 'National Strategy for Financial Education' is formulated by: MCQ with Answer and Explanation

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The 'National Strategy for Financial Education' is formulated by:

A. Ministry of Defence

B. SEBI only

C. RBI and financial sector regulators

D. World Bank

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Strategy for Financial Education is formulated by RBI and other financial regulators.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Zero Defect Zero Effect' scheme is associated with:

A. health

B. agriculture

C. manufacturing and quality standards in MSMEs

D. defence

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Correct Answer: Option C

Explanation:
Zero Defect Zero Effect promotes quality and environmental standards in MSMEs.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Income Tax Act' in India was enacted in which year?

A. 1965

B. 1961

C. 1972

D. 1956

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Correct Answer: Option B

Explanation:
The Income Tax Act was enacted in 1961.

This question belongs to: Economy GK Economy Set 1

Question #3

Crowding out occurs when:

A. government borrowing reduces private investment

B. private investment reduces government spending

C. government expenditure increases private investment

D. taxes are reduced

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Correct Answer: Option A

Explanation:
Crowding out occurs when increased government borrowing raises interest rates and reduces private investment.

This question belongs to: Economy GK Economy Set 1

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