The 'Reserve Bank of India' was established on: MCQ with Answer and Explanation

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The 'Reserve Bank of India' was established on:

A. 1 April 1934

B. 1 January 1935

C. 1 April 1935

D. 1 July 1934

Answer: Option C

Solution (By JKSSB Mock Tests)

The RBI was established on 1 April 1935.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Mercosur' is a trading bloc in:

A. Europe

B. Africa

C. South America

D. Asia

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Correct Answer: Option C

Explanation:
Mercosur is a South American trading bloc including Argentina, Brazil, Paraguay and Uruguay.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Coffee Board of India' promotes:

A. spice exports

B. tea exports

C. coffee production and exports

D. sugar exports

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Correct Answer: Option C

Explanation:
Coffee Board promotes coffee production and exports.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Infant Industry Argument' for protection supports:

A. protecting mature industries

B. permanent tariffs on all imports

C. temporary protection to new industries to help them develop

D. free trade

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Correct Answer: Option C

Explanation:
The infant industry argument supports temporary protection for new industries until they become competitive.

This question belongs to: Economy GK Economy Set 1

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