The 'Senior Citizens Savings Scheme' is available for individuals aged: MCQ with Answer and Explanation

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The 'Senior Citizens Savings Scheme' is available for individuals aged:

A. 60 years and above

B. 70 years and above

C. 50 years and above

D. 65 years and above

Answer: Option A

Solution (By JKSSB Mock Tests)

The Senior Citizens Savings Scheme is available for individuals aged 60 years and above.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'National Income' estimates in India are published with a base year of:

A. 2004-05

B. 2020-21

C. 2016-17

D. 2011-12

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Correct Answer: Option D

Explanation:
The national accounts series uses 2011-12 as the base year.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'World Bank' in India provides loans primarily for:

A. defence

B. stock markets

C. elections

D. development projects and economic reforms

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Correct Answer: Option D

Explanation:
World Bank loans in India finance development projects and economic reforms.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the Indian financial system?

A. Absence of regulatory institutions

B. Complete self-regulation without government oversight

C. Presence of multiple regulators including RBI, SEBI, IRDAI and PFRDA

D. Only one regulator for all financial markets

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Correct Answer: Option C

Explanation:
India's financial system is regulated by multiple specialised bodies: RBI for banking, SEBI for capital markets, IRDAI for insurance and PFRDA for pensions.

This question belongs to: Economy GK Economy Set 1

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