FERA, replaced by FEMA, was enacted in: MCQ with Answer and Explanation

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FERA, replaced by FEMA, was enacted in:

A. 1973

B. 1991

C. 1980

D. 1947

Answer: Option A

Solution (By JKSSB Mock Tests)

FERA was enacted in 1973 and replaced by FEMA in 1999.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Employees' State Insurance Corporation' provides which type of social security?

A. health insurance, sickness and maternity benefits

B. housing loans

C. old age pension only

D. education loans

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Correct Answer: Option A

Explanation:
ESIC provides health insurance, sickness, maternity and disability benefits to insured workers.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Atal Mission for Rejuvenation and Urban Transformation' was launched in:

A. 2017

B. 2016

C. 2014

D. 2015

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Correct Answer: Option D

Explanation:
AMRUT was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of inflation, 'Headline Inflation' typically refers to:

A. Inflation excluding food and fuel

B. Only food inflation

C. Overall inflation including all items in the basket

D. Only fuel inflation

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Correct Answer: Option C

Explanation:
Headline inflation measures the total inflation in an economy, including all items such as food, fuel and others. Core inflation excludes volatile items like food and fuel.

This question belongs to: Economy GK Economy Set 1

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