The 'SIDBI' is a wholly owned subsidiary of: MCQ with Answer and Explanation

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The 'SIDBI' is a wholly owned subsidiary of:

A. EXIM Bank

B. National Housing Bank

C. RBI

D. NABARD

Answer: Option C

Solution (By JKSSB Mock Tests)

SIDBI is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The Insolvency and Bankruptcy Code was enacted in which year?

A. 2019

B. 2013

C. 2016

D. 2015

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Correct Answer: Option C

Explanation:
The Insolvency and Bankruptcy Code was enacted in 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

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Keynes' liquidity preference theory relates the demand for money to:

A. interest rate and income

B. exchange rate

C. prices only

D. income only

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Correct Answer: Option A

Explanation:
Liquidity preference theory says money demand depends on income and the interest rate.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of the 'Balanced Growth' path in the Solow model?

A. Per capita variables grow at different rates

B. Only capital grows while output is constant

C. Capital, output and effective labour all grow at the same rate

D. There is no steady state

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Correct Answer: Option C

Explanation:
On the balanced-growth path of the Solow model, aggregate capital, output and effective labour grow at the exogenous rate of technological progress plus population growth, so that capital and output per effective worker are constant.

This question belongs to: Economy GK Economy Set 1

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