The 'Bharatmala Pariyojana' was announced in which year? MCQ with Answer and Explanation

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The 'Bharatmala Pariyojana' was announced in which year?

A. 2018

B. 2014

C. 2017

D. 2019

Answer: Option C

Solution (By JKSSB Mock Tests)

Bharatmala Pariyojana was announced in 2017.

This question belongs to: Economy GK Economy Set 1

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Question #1

A contractionary fiscal policy consists of:

A. increasing government spending and cutting taxes

B. increasing money supply

C. reducing government spending or increasing taxes

D. lowering interest rates

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Correct Answer: Option C

Explanation:
Contractionary fiscal policy reduces aggregate demand by cutting spending or raising taxes.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' is an indirect tax because:

A. it is paid by the government

B. it is paid by the seller only

C. it is paid only by companies

D. the burden can be shifted to the final consumer

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Correct Answer: Option D

Explanation:
GST is an indirect tax as the burden is ultimately borne by the final consumer.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of monopolistic competition?

A. Perfect knowledge and free entry without costs

B. Product differentiation

C. Homogeneous product

D. Single seller

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Correct Answer: Option B

Explanation:
Monopolistic competition is characterised by product differentiation, a large number of firms, free entry and exit, and some degree of price control by firms.

This question belongs to: Economy GK Economy Set 1

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