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. NABARD

B. RBI

C. EXIM Bank

D. National Housing Bank

Answer: Option B

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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Practice More Economy Set 1 Questions

Question #1

The concept of 'Consumer Surplus' was introduced by:

A. David Ricardo

B. J.S. Mill

C. Alfred Marshall

D. Adam Smith

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Correct Answer: Option C

Explanation:
Alfred Marshall developed the concept of consumer surplus, which is the difference between what a consumer is willing to pay and what he actually pays.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Blue Revolution' in India is associated with which commodity?

A. Pulses

B. Fish

C. Oilseeds

D. Milk

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Correct Answer: Option B

Explanation:
The Blue Revolution is associated with fisheries development.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Group of 77' is a coalition of:

A. developed countries

B. developing countries

C. European countries

D. oil-exporting countries

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Correct Answer: Option B

Explanation:
The G77 is a coalition of developing countries at the United Nations.

This question belongs to: Economy GK Economy Set 1

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