Startup India initiative primarily aims to: MCQ with Answer and Explanation

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Startup India initiative primarily aims to:

A. promote entrepreneurship and innovation

B. regulate stock markets

C. nationalize private companies

D. increase import duties

Answer: Option A

Solution (By JKSSB Mock Tests)

Startup India aims to promote entrepreneurship, innovation and startup growth.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'GST Suvidha Provider' is:

A. an authorized private IT intermediary for GST compliance

B. a bank

C. a chartered accountant

D. a tax official

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Correct Answer: Option A

Explanation:
GST Suvidha Providers are authorized IT intermediaries for GST compliance services.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Annual Information Statement' in income tax is:

A. a statement of foreign travel

B. a bank statement

C. a statement of specified financial transactions

D. a statement of taxes only

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Correct Answer: Option C

Explanation:
AIS is a statement of specified financial transactions.

This question belongs to: Economy GK Economy Set 1

Question #3

The Labour Force Participation Rate is calculated as:

A. labour force divided by working-age population multiplied by 100

B. total population divided by employed

C. unemployed divided by labour force multiplied by 100

D. employed divided by unemployed

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Correct Answer: Option A

Explanation:
LFPR = (labour force / working-age population) × 100.

This question belongs to: Economy GK Economy Set 1

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