Green GDP is an indicator that adjusts GDP for: MCQ with Answer and Explanation

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Green GDP is an indicator that adjusts GDP for:

A. population growth

B. inflation

C. foreign debt

D. environmental degradation and natural resource depletion

Answer: Option D

Solution (By JKSSB Mock Tests)

Green GDP adjusts conventional GDP for environmental degradation and natural resource depletion.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Foreign Direct Investment' limit in defence sector was increased to what percentage through the automatic route?

A. 49%

B. 100%

C. 74%

D. 26%

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Correct Answer: Option C

Explanation:
FDI in defence under automatic route is allowed up to 74%, with higher under government route.

This question belongs to: Economy GK Economy Set 1

Question #2

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The first Narasimham Committee of 1991 was appointed to recommend reforms in:

A. capital markets only

B. indirect taxes

C. agricultural pricing

D. the financial system and banking sector

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Correct Answer: Option D

Explanation:
The Narasimham Committee was appointed to recommend financial system and banking sector reforms.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' rate on financial services is:

A. 5%

B. 12%

C. 18%

D. 28%

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Correct Answer: Option C

Explanation:
Financial services generally attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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