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 Laffer Curve illustrates the relationship between:

A. Money supply and inflation

B. Interest rates and investment

C. Tax rates and tax revenue

D. Inflation and unemployment

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Correct Answer: Option C

Explanation:
The Laffer Curve shows that beyond a certain point, increasing tax rates may lead to a decrease in total tax revenue due to reduced economic activity and tax evasion.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on educational services by institutions is:

A. exempt

B. 0%

C. 5%

D. 18%

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Correct Answer: Option A

Explanation:
Educational services by recognized institutions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Pradhan Mantri Gram Sadak Yojana' was launched in:

A. 1995

B. 2000

C. 2010

D. 2005

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Correct Answer: Option B

Explanation:
PMGSY was launched in 2000.

This question belongs to: Economy GK Economy Set 1

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