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. government department

B. private company

C. statutory body

D. constitutional body

Answer: Option C

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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Question #1

Labour productivity is measured as:

A. output per unit of labour input

B. capital divided by labour

C. total population divided by labour force

D. wages divided by profit

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Correct Answer: Option A

Explanation:
Labour productivity is output per unit of labour input.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Quality Ladder' models of endogenous growth?

A. Innovation takes the form of improvements in the quality of existing products

B. There is no role for research and development

C. Innovation only expands the variety of products

D. Growth is purely exogenous

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Correct Answer: Option A

Explanation:
Quality-ladder (or vertical-innovation) models of endogenous growth, associated with Aghion-Howitt and Grossman-Helpman, treat innovation as successive improvements in the quality of intermediate or final goods.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Indian banking system?

A. Complete absence of NBFCs

B. Absence of priority sector lending norms

C. No role for foreign banks

D. Dual regulation of cooperative banks by RBI and state governments

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Correct Answer: Option D

Explanation:
Urban and rural cooperative banks in India are subject to dual regulation by the Reserve Bank of India and the respective state governments.

This question belongs to: Economy GK Economy Set 1

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