The Self-Help Group Bank Linkage Programme in India is implemented mainly by: MCQ with Answer and Explanation

The Self-Help Group Bank Linkage Programme in India is implemented mainly by:
A. NABARD
B. IRDA
C. SEBI
D. EXIM Bank
Answer: Option A
Solution (By JKSSB Mock Tests)
NABARD is the main implementing agency for the SHG-Bank Linkage Programme.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Liquidity Trap' is most relevant when:
A. Interest rates are very high
B. The economy is at full employment with high inflation
C. Money demand is interest-inelastic
D. Nominal interest rates are close to zero and money demand is perfectly elastic

Correct Answer: Option D


Explanation:
In a liquidity trap, the nominal interest rate is at or near zero and further increases in the money supply are absorbed entirely as idle balances, rendering conventional monetary policy ineffective.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is included in M1 in India?
A. Time deposits with banks
B. Post office savings deposits
C. Currency with the public plus demand deposits with banks plus other deposits with RBI
D. National savings certificates

Correct Answer: Option C


Explanation:
M1 includes currency with the public, demand deposits with banks and other deposits with the RBI.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of the Phillips Curve, the long-run Phillips Curve is:
A. Horizontal
B. Vertical at the natural rate of unemployment
C. Upward sloping
D. Downward sloping

Correct Answer: Option B


Explanation:
In the long run, the Phillips Curve is vertical at the natural rate of unemployment, indicating no permanent trade-off between inflation and unemployment.

This question belongs to: Economy GK Economy Set 1