The 'accelerator coefficient' is the ratio of: MCQ with Answer and Explanation

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The 'accelerator coefficient' is the ratio of:

A. investment to consumption

B. investment to output

C. saving to investment

D. change in investment to change in output

Answer: Option D

Solution (By JKSSB Mock Tests)

The accelerator is the ratio of induced investment to a change in output.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' Composition Scheme is designed to:

A. increase tax rates

B. increase compliance burden

C. eliminate input tax credit for large taxpayers

D. reduce compliance burden for small taxpayers

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Correct Answer: Option D

Explanation:
Composition scheme reduces compliance burden for small taxpayers.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Union Budget' is presented under which article of the Constitution?

A. Article 265

B. Article 280

C. Article 110

D. Article 112

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Correct Answer: Option D

Explanation:
The Annual Financial Statement is presented under Article 112.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on private coaching centres is:

A. 12%

B. 5%

C. 0%

D. 18%

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Correct Answer: Option D

Explanation:
Private coaching centres attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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