The SARFAESI Act, 2002 primarily deals with: MCQ with Answer and Explanation

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The SARFAESI Act, 2002 primarily deals with:

A. recovery of non-performing assets and securitization

B. microfinance regulation

C. payment systems

D. bank nationalization

Answer: Option A

Solution (By JKSSB Mock Tests)

SARFAESI Act enables banks and financial institutions to recover non-performing assets.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Land ceiling laws aim to:

A. limit the maximum land area an individual can hold

B. increase land concentration

C. promote urbanization

D. abolish all private land ownership

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Correct Answer: Option A

Explanation:
Land ceiling laws limit the maximum landholding an individual can own to redistribute surplus land.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Finance Corporation' mainly provides:

A. grants to governments

B. short-term balance of payments support

C. military assistance

D. loans and investments in the private sector of developing countries

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Correct Answer: Option D

Explanation:
IFC supports private sector investment in developing countries.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on print media advertising is:

A. 0%

B. 12%

C. 18%

D. 5%

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Correct Answer: Option D

Explanation:
Advertising in print media attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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