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. Ministry of Finance

C. Make in India

D. NITI Aayog

Answer: Option D

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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Question #1

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The 'Goods and Services Tax' on sale of under-construction residential affordable housing is:

A. 12%

B. 1% without ITC

C. 5% without ITC

D. 18%

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Correct Answer: Option B

Explanation:
Affordable housing under construction attracts 1% GST without ITC.

This question belongs to: Economy GK Economy Set 1

Question #2

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Statutory Liquidity Ratio is the percentage of NDTL that banks must maintain in:

A. cash with RBI only

B. foreign exchange only

C. gold, cash and approved securities

D. loans to government

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Correct Answer: Option C

Explanation:
SLR requires banks to maintain liquid assets such as cash, gold and approved securities.

This question belongs to: Economy GK Economy Set 1

Question #3

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NSDL and CDSL are depositories for:

A. dematerialized securities

B. government cash balances

C. foreign exchange reserves

D. bank deposits

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Correct Answer: Option A

Explanation:
NSDL and CDSL are the two depositories that hold securities in dematerialized form.

This question belongs to: Economy GK Economy Set 1

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