The priority sector lending target for domestic scheduled commercial banks is what percentage of Adjusted Net Bank Credit? MCQ with Answer and Explanation

Question

The priority sector lending target for domestic scheduled commercial banks is what percentage of Adjusted Net Bank Credit?

A. 50%

B. 40%

C. 30%

D. 25%

Answer: Option B

Solution (By JKSSB Mock Tests)

Domestic scheduled commercial banks are required to lend 40% of Adjusted Net Bank Credit to the priority sector.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Attorney General of India' is appointed under which article?

A. Article 77

B. Article 76

C. Article 88

D. Article 78

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Correct Answer: Option B

Explanation:
The Attorney General is appointed under Article 76.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Anti-profiteering Authority' was later replaced by which body under GST?

A. GST Council

B. Central Board of Indirect Taxes and Customs

C. GST Appellate Tribunal

D. Competition Commission of India

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Correct Answer: Option D

Explanation:
The NAA's functions were transferred to the Competition Commission of India.

This question belongs to: Economy GK Economy Set 1

Question #3

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The free-rider problem is associated with:

A. private goods

B. common resources

C. club goods

D. public goods

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Correct Answer: Option D

Explanation:
Public goods are non-excludable, so individuals can benefit without paying, creating the free-rider problem.

This question belongs to: Economy GK Economy Set 1

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