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. Education

B. Agriculture

C. Micro enterprises

D. Housing loans above Rs 50 crore

Answer: Option D

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

Which of the following is a feature of the 'Interest Rate Parity' conditions?

A. They link interest rates and expected or forward exchange-rate changes across countries

B. They are independent of exchange rates

C. They apply only to real interest rates

D. They determine only domestic interest rates

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Correct Answer: Option A

Explanation:
Both covered and uncovered interest parity conditions relate the interest differential between two countries to the forward premium or the expected change in the exchange rate.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a function of the Reserve Bank of India?

A. Issuing currency notes

B. Controlling credit

C. Formulating fiscal policy

D. Acting as banker to the government

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Correct Answer: Option C

Explanation:
Fiscal policy is formulated by the government (Ministry of Finance). RBI is responsible for monetary policy, currency issue, banker to government and credit control.

This question belongs to: Economy GK Economy Set 1

Question #3

Frictional unemployment is best described as:

A. unemployment due to seasonal agriculture

B. long-term unemployment due to skill mismatch

C. temporary unemployment during job search or transition

D. unemployment due to lack of demand

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Correct Answer: Option C

Explanation:
Frictional unemployment is temporary unemployment during job search or transition.

This question belongs to: Economy GK Economy Set 1

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