Nifty is a stock market index of the: MCQ with Answer and Explanation

Question
Nifty is a stock market index of the:
A. Bombay Stock Exchange
B. National Stock Exchange
C. Commodity Exchange
D. Securities and Exchange Board of India
Answer: Option B
Solution (By JKSSB Mock Tests)
Nifty is the benchmark index of the National Stock Exchange (NSE).
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the 'Permanent Income' versus 'Current Income' debate in consumption theory?
A. Only permanent income matters and liquidity constraints are irrelevant
B. Consumption is completely independent of current income
C. Empirical evidence shows that consumption is more sensitive to current income than pure permanent-income theory predicts
D. The debate has been fully resolved in favour of pure permanent-income theory
Discuss
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Correct Answer: Option C

Explanation:
Empirical studies often find 'excess sensitivity' of consumption to current income, suggesting that liquidity constraints, myopia or other factors cause departures from pure permanent-income behaviour.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' was implemented in India from which date?
A. 1 April 2017
B. 1 July 2017
C. 1 January 2017
D. 1 April 2016
Discuss
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Correct Answer: Option B

Explanation:
GST was implemented on 1 July 2017.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Startup India' initiative is implemented by which department?
A. Ministry of Finance
B. Department for Promotion of Industry and Internal Trade
C. Ministry of Skill Development
D. NITI Aayog
Discuss
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Correct Answer: Option B

Explanation:
Startup India is implemented by DPIIT.
This question belongs to: Economy GK Economy Set 1
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A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?