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

The 'SIDBI' is a wholly owned subsidiary of:
A. NABARD
B. EXIM Bank
C. National Housing Bank
D. RBI
Answer: Option D
Solution (By JKSSB Mock Tests)
SIDBI is a wholly owned subsidiary of the RBI.

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Practice More Economy Set 1 Questions

Question #1
Treasury bills are issued by:
A. SEBI
B. RBI on behalf of the Central Government
C. commercial banks
D. State governments only

Correct Answer: Option B


Explanation:
Treasury bills are short-term debt instruments issued by the RBI on behalf of the Central Government.

This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Mental Accounting' in behavioural economics refers to:
A. Only the formal accounting systems of firms
B. The tendency of individuals to categorise and treat money differently depending on its source or intended use
C. The perfect fungibility of all money
D. Only the national accounts

Correct Answer: Option B


Explanation:
Mental accounting describes the cognitive processes whereby individuals separate their wealth into non-fungible mental accounts, leading to behaviour that violates the principle of fungibility assumed in standard theory.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the monopolistic competition market structure?
A. Homogeneous product
B. Perfect knowledge and no advertising
C. Single seller
D. Product differentiation and selling costs

Correct Answer: Option D


Explanation:
Monopolistic competition is characterised by product differentiation, a large number of firms, free entry and exit, and significant selling costs.

This question belongs to: Economy GK Economy Set 1