The 'Appropriation Bill' is passed under which article of the Constitution? MCQ with Answer and Explanation

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The 'Appropriation Bill' is passed under which article of the Constitution?

A. Article 280

B. Article 266

C. Article 114

D. Article 110

Answer: Option C

Solution (By JKSSB Mock Tests)

The Appropriation Bill is passed under Article 114 to authorize withdrawal from the Consolidated Fund.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a characteristic of a dualistic economy?

A. Absence of informal sector

B. Only agricultural activities

C. Uniform technology across sectors

D. Coexistence of modern and traditional sectors

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Correct Answer: Option D

Explanation:
Dualism refers to the coexistence of a modern, capital-intensive sector alongside a traditional, labour-intensive sector within the same economy.

This question belongs to: Economy GK Economy Set 1

Question #2

Human capital refers to:

A. natural resources

B. financial assets of a country

C. physical machinery used in production

D. the stock of skills, education and health embodied in workers

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Correct Answer: Option D

Explanation:
Human capital is the stock of skills, education and health embodied in workers that enhances productivity.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Eighth Five Year Plan' period was:

A. 1990-1995

B. 1987-1992

C. 1997-2002

D. 1992-1997

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Correct Answer: Option D

Explanation:
The Eighth Five Year Plan covered 1992-1997.

This question belongs to: Economy GK Economy Set 1

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