Cost-push inflation is primarily caused by: MCQ with Answer and Explanation

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Cost-push inflation is primarily caused by:

A. reduction in taxes

B. rise in input costs such as wages and raw materials

C. increase in imports

D. excessive consumer demand

Answer: Option B

Solution (By JKSSB Mock Tests)

Cost-push inflation arises from an increase in the cost of production.

This question belongs to: Economy GK Economy Set 1

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The 'Directorate General of Foreign Trade' is under which ministry?

A. Ministry of Finance

B. Ministry of Home Affairs

C. Ministry of External Affairs

D. Ministry of Commerce and Industry

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Correct Answer: Option D

Explanation:
DGFT operates under the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on educational services by institutions is:

A. 5%

B. 0%

C. 18%

D. exempt

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Correct Answer: Option D

Explanation:
Educational services by recognized institutions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Concern Worldwide and Welthungerhilfe' publish which index?

A. Global Hunger Index

B. Human Development Index

C. Corruption Perceptions Index

D. Ease of Doing Business Index

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Correct Answer: Option A

Explanation:
Concern Worldwide and Welthungerhilfe publish Global Hunger Index.

This question belongs to: Economy GK Economy Set 1

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