Which of the following is not a priority sector category? MCQ with Answer and Explanation

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Which of the following is not a priority sector category?

A. Housing loans above Rs 50 crore

B. Education

C. Micro enterprises

D. Agriculture

Answer: Option A

Solution (By JKSSB Mock Tests)

Very large housing loans above prescribed limits are not part of priority sector lending.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'World Bank Group' has how many member countries in IBRD?

A. 164

B. 150

C. 193

D. 189

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Correct Answer: Option D

Explanation:
IBRD has 189 member countries.

This question belongs to: Economy GK Economy Set 1

Question #2

Microfinance institutions primarily provide:

A. large corporate loans

B. infrastructure finance

C. export finance

D. small collateral-free loans to low-income households

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Correct Answer: Option D

Explanation:
Microfinance institutions provide small collateral-free loans to low-income clients.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Smithsonian Agreement' of 1971 attempted to:

A. realign fixed exchange rates after the collapse of the dollar-gold link

B. ban currency trading

C. create the euro

D. abolish the IMF

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Correct Answer: Option A

Explanation:
The Smithsonian Agreement attempted to establish new fixed exchange rate parities after the dollar-gold link ended.

This question belongs to: Economy GK Economy Set 1

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