The 'UDAY' scheme for power distribution companies was launched in: MCQ with Answer and Explanation

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The 'UDAY' scheme for power distribution companies was launched in:

A. 2016

B. 2014

C. 2015

D. 2017

Answer: Option C

Solution (By JKSSB Mock Tests)

UDAY was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Statutory Liquidity Ratio is the percentage of NDTL that banks must maintain in:

A. cash with RBI only

B. foreign exchange only

C. gold, cash and approved securities

D. loans to government

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Correct Answer: Option C

Explanation:
SLR requires banks to maintain liquid assets such as cash, gold and approved securities.

This question belongs to: Economy GK Economy Set 1

Question #2

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The value added method of measuring national income is primarily used to:

A. measure informal sector output

B. include transfer payments

C. estimate depreciation

D. avoid double counting

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Correct Answer: Option D

Explanation:
The value added method avoids double counting by measuring only the addition to value at each stage of production.

This question belongs to: Economy GK Economy Set 1

Question #3

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Broad money M3 in India consists of M1 plus:

A. time deposits with banks

B. foreign currency reserves

C. government deposits

D. only post office deposits

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Correct Answer: Option A

Explanation:
M3 is M1 plus time deposits with banks.

This question belongs to: Economy GK Economy Set 1

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