The 'Atal Innovation Mission' is part of: MCQ with Answer and Explanation

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The 'Atal Innovation Mission' is part of:

A. SEBI

B. NITI Aayog

C. Ministry of Finance

D. Make in India

Answer: Option B

Solution (By JKSSB Mock Tests)

Atal Innovation Mission is a NITI Aayog initiative.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A zero-primary deficit indicates that:

A. fiscal deficit equals interest payments

B. there is no fiscal deficit

C. revenue deficit is zero

D. total expenditure equals revenue receipts

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Correct Answer: Option A

Explanation:
Primary deficit is fiscal deficit minus interest payments; zero primary deficit means fiscal deficit equals interest payments.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a measure of economic inequality?

A. Gini coefficient, Lorenz curve and Theil index

B. Human Development Index as a pure inequality measure

C. Only unemployment rate

D. Only GDP growth rate

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Correct Answer: Option A

Explanation:
The Gini coefficient, Lorenz curve and Theil index are standard measures used to quantify the degree of inequality in the distribution of income or wealth.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate applicable to a supply is determined by:

A. President

B. SEBI

C. RBI

D. GST Council

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Correct Answer: Option D

Explanation:
GST rates are recommended by the GST Council.

This question belongs to: Economy GK Economy Set 1

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