An 'export subsidy' is a payment to domestic producers that: MCQ with Answer and Explanation

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An 'export subsidy' is a payment to domestic producers that:

A. increases their exports

B. raises domestic prices only

C. increases imports

D. reduces their exports

Answer: Option A

Solution (By JKSSB Mock Tests)

Export subsidies lower costs for exporters, enabling them to sell abroad at competitive prices.

This question belongs to: Economy GK Economy Set 1

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Question #1

The largest installed renewable energy source in India by capacity in recent years is:

A. small hydro

B. solar

C. wind

D. biomass

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Correct Answer: Option B

Explanation:
Solar power has become the largest renewable energy source by installed capacity in India.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'demographic transition' refers to changes in:

A. income distribution

B. inflation

C. birth and death rates

D. exchange rates

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Correct Answer: Option C

Explanation:
Demographic transition refers to shifts in birth and death rates as an economy develops.

This question belongs to: Economy GK Economy Set 1

Question #3

The e-way bill under GST is required for the movement of goods with a value exceeding:

A. Rs 1,00,000

B. Rs 2,00,000

C. Rs 50,000

D. Rs 10,000

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Correct Answer: Option C

Explanation:
An e-way bill is required for movement of goods valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

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