The 'Balance of Payments' current account includes which of the following? MCQ with Answer and Explanation

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The 'Balance of Payments' current account includes which of the following?

A. Portfolio investment

B. External commercial borrowing

C. Foreign direct investment

D. Net income from abroad

Answer: Option D

Solution (By JKSSB Mock Tests)

Net income from abroad is part of the current account.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'National Bank for Agriculture and Rural Development' was established in which year?

A. 1982

B. 1975

C. 1969

D. 1991

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Correct Answer: Option A

Explanation:
NABARD was established in 1982.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of industrial organisation, the 'Structure-Conduct-Performance' paradigm suggests that:

A. Only performance matters

B. Performance determines structure

C. Market structure determines firm conduct which in turn determines performance

D. Conduct is independent of structure

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Correct Answer: Option C

Explanation:
The traditional SCP paradigm posits a causal chain from market structure (concentration, entry barriers) to firm conduct (pricing, advertising) to market performance (profits, efficiency).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' was implemented in India from which date?

A. 1 January 2017

B. 1 April 2017

C. 1 July 2017

D. 1 April 2016

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Correct Answer: Option C

Explanation:
GST was implemented on 1 July 2017.

This question belongs to: Economy GK Economy Set 1

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