The 'NITI Aayog' was established through a resolution of: MCQ with Answer and Explanation

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The 'NITI Aayog' was established through a resolution of:

A. Union Cabinet

B. Supreme Court

C. Parliament

D. President

Answer: Option A

Solution (By JKSSB Mock Tests)

NITI Aayog was established by a Union Cabinet resolution on 1 January 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Digital India' programme includes which of the following pillars?

A. Digital infrastructure, governance and digital empowerment

B. Only manufacturing

C. Only defence

D. Only agriculture

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Correct Answer: Option A

Explanation:
Digital India rests on digital infrastructure, digital governance and digital empowerment.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'repo' in monetary policy means the RBI:

A. sells securities to banks and agrees to repurchase them later

B. purchases securities from banks with an agreement to sell them back later

C. gives unsecured loans to banks

D. borrows from foreign central banks

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Correct Answer: Option B

Explanation:
In a repo, the RBI purchases securities from banks with an agreement to resell them later, injecting liquidity.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Housing as a Human Right' implies that:

A. Adequate housing is regarded as a fundamental entitlement that states have obligations to respect, protect and fulfil

B. Housing is only a private market commodity without any rights dimension

C. Only the absence of any public housing policy

D. Only home ownership is a right

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Correct Answer: Option A

Explanation:
The recognition of housing as a human right, grounded in international human-rights instruments, entails obligations on states to ensure progressive access to adequate, affordable and secure housing for all.

This question belongs to: Economy GK Economy Set 1

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