In the context of global digital governance, the 'Digital Services Act' of the European Union focuses on: MCQ with Answer and Explanation

In the context of global digital governance, the 'Digital Services Act' of the European Union focuses on:
A. Only competition rules for gatekeepers
B. Only e-commerce contract law
C. Only data-protection rules
D. Harmonised rules for intermediary services regarding content moderation, transparency and accountability
Answer: Option D
Solution (By JKSSB Mock Tests)
The Digital Services Act establishes a horizontal framework of due-diligence, transparency and accountability obligations for digital intermediary services, including online platforms, with respect to illegal content and systemic risks.

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Practice More Economy Set 1 Questions

Question #1
In the context of demand theory, the law of demand may not hold for:
A. Normal goods
B. All inferior goods without exception
C. Giffen goods and Veblen goods
D. Necessary goods with elastic demand

Correct Answer: Option C


Explanation:
Giffen goods (strong negative income effect) and Veblen goods (prestige value rising with price) are exceptions to the law of demand.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' on metro rail travel is:
A. 18%
B. 0%
C. 5%
D. 12%

Correct Answer: Option C


Explanation:
Metro rail travel attracts 5% GST.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following measures of money supply in India is known as 'narrow money'?
A. M4
B. M2
C. M3
D. M1

Correct Answer: Option D


Explanation:
M1 is referred to as narrow money and consists of currency with the public, demand deposits with banks, and other deposits with RBI. M3 is broad money.

This question belongs to: Economy GK Economy Set 1