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

The 'Reserve Bank of India' was nationalized on:
A. 15 August 1947
B. 26 January 1950
C. 1 January 1947
D. 1 January 1949
Answer: Option D
Solution (By JKSSB Mock Tests)
The RBI was nationalized on 1 January 1949.

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Practice More Economy Set 1 Questions

Question #1
The 'net factor income from abroad' is negative when factor incomes paid abroad are:
A. equal to factor incomes received
B. less than factor incomes received from abroad
C. greater than factor incomes received from abroad
D. zero

Correct Answer: Option C


Explanation:
Net factor income from abroad is negative when payments abroad exceed receipts from abroad.

This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Degrowth' in ecological economics advocates:
A. Only growth in developing countries
B. A planned reduction of energy and resource throughput in high-income countries to bring the economy within ecological limits while improving well-being
C. The complete abandonment of all economic activity
D. Unlimited economic growth

Correct Answer: Option B


Explanation:
Degrowth is a school of thought that calls for a democratically planned downscaling of production and consumption in over-consuming countries in order to achieve ecological sustainability and social justice.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'exchange traded fund' for disinvestment of public sector enterprises is managed by:
A. PFRDA
B. SEBI-registered asset management companies
C. IRDAI
D. RBI

Correct Answer: Option B


Explanation:
PSU ETFs are managed by SEBI-registered asset management companies.

This question belongs to: Economy GK Economy Set 1