The 'Securities and Exchange Board of India' is a: MCQ with Answer and Explanation

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The 'Securities and Exchange Board of India' is a:

A. private company

B. government department

C. constitutional body

D. statutory body

Answer: Option D

Solution (By JKSSB Mock Tests)

SEBI is a statutory body established under the SEBI Act, 1992.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Personal Disposable Income' is personal income minus:

A. direct personal taxes and other deductions

B. corporate tax

C. indirect taxes

D. customs duty

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Correct Answer: Option A

Explanation:
Personal disposable income is personal income minus direct personal taxes and other receipts of government.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'FDI' in insurance sector is allowed up to what percentage?

A. 26%

B. 49%

C. 100%

D. 74%

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Correct Answer: Option D

Explanation:
FDI in insurance is allowed up to 74%.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'New Keynesian' models used for monetary policy analysis?

A. They rely only on adaptive expectations

B. They combine intertemporal optimisation, rational expectations and nominal rigidities

C. They ignore expectations completely

D. They assume continuous market clearing and flexible prices

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Correct Answer: Option B

Explanation:
Modern New Keynesian DSGE models used for policy analysis feature optimising households and firms, rational expectations, and some form of nominal rigidity (sticky prices or wages).

This question belongs to: Economy GK Economy Set 1

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