The 'Aadhaar' number in India is issued by: MCQ with Answer and Explanation

Question

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The 'Aadhaar' number in India is issued by:

A. Income Tax Department

B. Ministry of Finance

C. RBI

D. Unique Identification Authority of India

Answer: Option D

Solution (By JKSSB Mock Tests)

Aadhaar is issued by UIDAI.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Index of Industrial Production' is published with a time lag of about:

A. six weeks

B. one week

C. one month

D. one quarter

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Correct Answer: Option C

Explanation:
IIP is released with a lag of about one month.

This question belongs to: Economy GK Economy Set 1

Question #2

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Quasi-rent is associated with:

A. fixed factors in the short run

B. labour only

C. land in the long run

D. money supply

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Correct Answer: Option A

Explanation:
Quasi-rent is the short-run return to a fixed factor of production.

This question belongs to: Economy GK Economy Set 1

Question #3

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Excess capacity is a characteristic feature of which market structure?

A. Monopolistic competition

B. Perfect competition

C. Pure competition

D. Monopoly

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Correct Answer: Option A

Explanation:
Firms in monopolistic competition produce below optimum capacity, leading to excess capacity.

This question belongs to: Economy GK Economy Set 1

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