Which of the following is NOT a source of agricultural finance in India? MCQ with Answer and Explanation

Question
Which of the following is NOT a source of agricultural finance in India?
A. Commercial banks
B. NABARD
C. Cooperative societies
D. Stock exchanges for small farmers
Answer: Option D
Solution (By JKSSB Mock Tests)
Stock exchanges primarily serve corporate entities. Agricultural finance is provided by commercial banks, cooperatives, RRBs and refinanced by NABARD.
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. Individuals with the same ability to pay should pay the same tax
B. Individuals with higher ability to pay should pay proportionally more
C. Only vertical equity matters
D. Taxes should be independent of ability to pay
Discuss
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Correct Answer: Option A

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 'Central Bank Digital Currency' is a:
A. private digital token
B. mutual fund unit
C. digital form of fiat currency issued by the central bank
D. cryptocurrency like Bitcoin
Discuss
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Correct Answer: Option C

Explanation:
CBDC is a digital form of central bank issued fiat currency.
This question belongs to: Economy GK Economy Set 1
Question #3
In the Keynesian model, the consumption function is given by C = a + bY, where 'b' represents:
A. Average propensity to consume
B. Marginal propensity to consume
C. Autonomous consumption
D. Marginal propensity to save
Discuss
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Correct Answer: Option B

Explanation:
In the consumption function C = a + bY, 'a' is autonomous consumption and 'b' is the marginal propensity to consume (MPC).
This question belongs to: Economy GK Economy Set 1
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