The 'Agriculture Marketing' in India is primarily regulated by: MCQ with Answer and Explanation

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The 'Agriculture Marketing' in India is primarily regulated by:

A. SEBI

B. RBI

C. NABARD

D. State Agricultural Produce Marketing Committee Acts

Answer: Option D

Solution (By JKSSB Mock Tests)

Agricultural marketing is regulated by State APMC Acts.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Narrative Economics' associated with Robert Shiller emphasises:

A. Only the role of fundamental factors

B. The complete irrelevance of stories

C. Only the role of monetary policy

D. The role of popular stories and narratives in driving economic fluctuations

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Correct Answer: Option D

Explanation:
Narrative economics studies how contagious popular stories and narratives spread and influence economic behaviour, contributing to booms, recessions and other major economic events.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on warehousing services is:

A. 18%

B. 5%

C. 12%

D. 28%

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Correct Answer: Option A

Explanation:
Warehousing services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Attention Economy' business models of many digital platforms?

A. They never use advertising

B. They always charge users high monetary prices

C. They often provide services free of monetary charge and monetise user attention and data through advertising

D. They only sell physical products

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Correct Answer: Option C

Explanation:
Many digital platforms operate on a 'free' model in which users pay with their attention and personal data, which are then monetised primarily through targeted advertising.

This question belongs to: Economy GK Economy Set 1

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