The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in: MCQ with Answer and Explanation

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The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in:

A. 1900

B. 1850

C. 1947

D. 1875

Answer: Option D

Solution (By JKSSB Mock Tests)

BSE was established in 1875.

This question belongs to: Economy GK Economy Set 1

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Question #1

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External economies of scale are enjoyed by a firm when:

A. the entire industry expands

B. the firm increases its own size

C. it reduces prices

D. it merges with another firm

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Correct Answer: Option A

Explanation:
External economies arise from expansion of the industry as a whole, benefiting all firms.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of economic reforms, 'Disinvestment' involves:

A. Complete closure of all public enterprises

B. Increasing government stake in public sector enterprises

C. Sale of government equity in public sector enterprises

D. Nationalisation of private firms

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Correct Answer: Option C

Explanation:
Disinvestment refers to the sale of government-held shares in public sector enterprises to private investors or the public, thereby reducing the government's ownership stake.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' rate on telecom services is:

A. 5%

B. 18%

C. 12%

D. 28%

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Correct Answer: Option B

Explanation:
Telecom services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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