The 'Agricultural Produce Market Committee' is a: MCQ with Answer and Explanation

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The 'Agricultural Produce Market Committee' is a:

A. private market

B. central government body

C. cooperative society

D. statutory body under state APMC Act

Answer: Option D

Solution (By JKSSB Mock Tests)

APMCs are statutory market committees established under state APMC Acts.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Dutch disease' phenomenon in economics refers to:

A. high inflation

B. a decline in manufacturing due to a boom in natural resource exports

C. a banking crisis

D. a fall in agricultural productivity

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Correct Answer: Option B

Explanation:
Dutch disease is a situation where a resource boom causes currency appreciation and decline in other tradable sectors like manufacturing.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on beauty parlour services is:

A. 28%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option B

Explanation:
Beauty parlour services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Periodic Labour Force Survey' was started in which year?

A. 2019

B. 2018

C. 2015

D. 2017

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Correct Answer: Option D

Explanation:
PLFS was launched in 2017.

This question belongs to: Economy GK Economy Set 1

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