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. World Bank

B. Ministry of Defence

C. SEBI only

D. RBI and financial sector regulators

Answer: Option D

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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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax (Compensation to States) Act' was passed in which year?

A. 2017

B. 2016

C. 2015

D. 2018

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Correct Answer: Option A

Explanation:
The GST Compensation to States Act was passed in 2017.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of the Indian economy, the demographic dividend can be harnessed through:

A. Investing in education, skill development and job creation for the working-age population

B. Raising the fertility rate continuously

C. Increasing the dependency ratio

D. Reducing the labour force participation rate

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Correct Answer: Option A

Explanation:
To realise the demographic dividend, a country must invest in human capital and create productive employment opportunities for its large working-age population.

This question belongs to: Economy GK Economy Set 1

Question #3

The Minimum Support Price is announced by the government on the recommendation of:

A. Food Corporation of India

B. Commission for Agricultural Costs and Prices

C. NABARD

D. RBI

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Correct Answer: Option B

Explanation:
MSP is recommended by the Commission for Agricultural Costs and Prices and announced by the government.

This question belongs to: Economy GK Economy Set 1

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