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

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The SARFAESI Act, 2002 primarily deals with:

A. microfinance regulation

B. payment systems

C. bank nationalization

D. recovery of non-performing assets and securitization

Answer: Option D

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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Question #1

India achieved full convertibility on the current account in which year?

A. 2000

B. 1994

C. 1991

D. 1993

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Correct Answer: Option B

Explanation:
India achieved full current account convertibility in August 1994.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Random Walk Hypothesis' of stock prices?

A. Only fundamental analysis is irrelevant

B. Technical analysis can systematically generate excess returns

C. Stock prices are predictable based on past patterns

D. Successive price changes are independent and stock prices fully reflect available information

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Correct Answer: Option D

Explanation:
The random walk hypothesis, closely related to the efficient market hypothesis, asserts that successive price changes are independent and that prices incorporate information so rapidly that future changes are unpredictable.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of indicative planning in India refers to:

A. planning without any state intervention

B. planning in a mixed economy with public and private sectors

C. planning based on forced targets

D. state ownership of all means of production

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Correct Answer: Option B

Explanation:
Indicative planning in India is planning in a mixed economy with both public and private sectors.

This question belongs to: Economy GK Economy Set 1

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