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. Micro enterprises

B. Education

C. Agriculture

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

The concept of 'Horizontal Equity' in taxation requires that:

A. Only vertical equity matters

B. Individuals with higher ability to pay should pay proportionally more

C. Individuals with the same ability to pay should pay the same tax

D. Taxes should be independent of ability to pay

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Correct Answer: Option C

Explanation:
Horizontal equity is the principle that taxpayers with equal capacity to pay (usually measured by income or wealth) should bear equal tax burdens.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'liquidity adjustment facility' was introduced in India based on the recommendations of:

A. Narasimham Committee

B. Kelkar Committee

C. Rangarajan Committee

D. Urjit Patel Committee

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Correct Answer: Option A

Explanation:
The Liquidity Adjustment Facility was introduced in 2000 based on Narasimham Committee recommendations.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT recorded in the capital account of the Balance of Payments?

A. Export of goods

B. FPI

C. External commercial borrowing

D. FDI

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Correct Answer: Option A

Explanation:
Export of goods is recorded in the current account, not the capital account.

This question belongs to: Economy GK Economy Set 1

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