The 'Budget Division' in India is a part of which ministry? MCQ with Answer and Explanation

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The 'Budget Division' in India is a part of which ministry?

A. Ministry of Finance

B. Ministry of Commerce

C. Ministry of Statistics

D. NITI Aayog

Answer: Option A

Solution (By JKSSB Mock Tests)

Budget Division is part of the Department of Economic Affairs, Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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Question #1

Regional Rural Banks are sponsored by:

A. State governments only

B. scheduled commercial banks

C. RBI only

D. NABARD only

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Correct Answer: Option B

Explanation:
Regional Rural Banks are sponsored by scheduled commercial banks along with central and state governments.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on fertilizers is:

A. 5%

B. 12%

C. 18%

D. 0%

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Correct Answer: Option A

Explanation:
Fertilizers attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'World Economic Forum' publishes the Global Gender Gap Report.

A. False

B. Only for developing countries

C. Only in alternate years

D. True

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Correct Answer: Option D

Explanation:
WEF publishes the Global Gender Gap Report.

This question belongs to: Economy GK Economy Set 1

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