A 'common market' includes not only free trade and a common external tariff but also: MCQ with Answer and Explanation

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A 'common market' includes not only free trade and a common external tariff but also:

A. common currency

B. common taxation only

C. common defence

D. free movement of factors of production

Answer: Option D

Solution (By JKSSB Mock Tests)

A common market allows free movement of goods, services, capital and labour.

This question belongs to: Economy GK Economy Set 1

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The 'Public Financial Management System' is used for:

A. bank lending

B. foreign exchange trading

C. digital management of government expenditures and payments

D. stock trading

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Correct Answer: Option C

Explanation:
PFMS is a digital platform for government expenditure and payment management.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Periodic Labour Force Survey' was started in which year?

A. 2015

B. 2017

C. 2018

D. 2019

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Correct Answer: Option B

Explanation:
PLFS was launched in 2017.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Court of Justice' is the principal judicial organ of:

A. WTO

B. European Union

C. United Nations

D. World Bank

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Correct Answer: Option C

Explanation:
The International Court of Justice is the principal judicial organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

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