The 'Budget at a Glance' is a document that: MCQ with Answer and Explanation

Question

Share Report Error

The 'Budget at a Glance' is a document that:

A. is not made public

B. contains only secret information

C. provides a summary of the budget

D. is prepared by RBI

Answer: Option C

Solution (By JKSSB Mock Tests)

Budget at a Glance provides a summary of budget estimates.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on health insurance premiums is:

A. 5%

B. 0%

C. 18%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Health insurance premiums attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Factories Act' in India was enacted in which year?

A. 1956

B. 1950

C. 1947

D. 1948

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Factories Act was enacted in 1948.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following best describes the concept of 'Cross Elasticity of Demand'?

A. Responsiveness of quantity demanded to a change in income

B. Responsiveness of quantity demanded of a good to a change in its own price

C. Responsiveness of supply to a change in price

D. Responsiveness of quantity demanded of a good to a change in the price of another good

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Cross elasticity of demand measures how the quantity demanded of one good responds to a change in the price of another related good. It is positive for substitutes and negative for complements.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs