The 'Primary deficit' is a useful measure because it shows: MCQ with Answer and Explanation

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The 'Primary deficit' is a useful measure because it shows:

A. only capital deficit

B. the deficit excluding interest payments

C. the entire fiscal deficit

D. only revenue deficit

Answer: Option B

Solution (By JKSSB Mock Tests)

Primary deficit excludes interest payments from fiscal deficit.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Banking Ombudsman is appointed by:

A. Reserve Bank of India

B. Indian Banks' Association

C. President

D. Finance Minister

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Correct Answer: Option A

Explanation:
The RBI appoints Banking Ombudsmen to resolve customer complaints against banks.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Annual Survey of Industries' collects data on:

A. agricultural output

B. service sector only

C. foreign trade

D. registered manufacturing industries

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Correct Answer: Option D

Explanation:
Annual Survey of Industries covers registered manufacturing establishments.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'State Bank of India' was nationalized in which year?

A. 1955

B. 1980

C. 1949

D. 1969

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Correct Answer: Option A

Explanation:
The State Bank of India was nationalized in 1955.

This question belongs to: Economy GK Economy Set 1

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