The 'Central Information Commission' is a: MCQ with Answer and Explanation

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The 'Central Information Commission' is a:

A. private body

B. executive body

C. constitutional body

D. statutory body

Answer: Option D

Solution (By JKSSB Mock Tests)

The Central Information Commission is a statutory body under RTI Act.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A progressive income tax is one where:

A. only the poor pay tax

B. the tax rate is constant at all incomes

C. the tax rate increases as income rises

D. the tax rate decreases as income rises

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Correct Answer: Option C

Explanation:
Under a progressive tax, the average tax rate rises as income increases.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Wholesale Price Index' measures:

A. prices at the wholesale level

B. prices of services

C. retail prices

D. prices of consumer goods only

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Correct Answer: Option A

Explanation:
WPI measures price changes at the wholesale level.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of production functions, returns to scale refer to:

A. Change in price when supply changes

B. Change in output when all inputs are varied proportionately

C. Change in output when one input is varied

D. Change in cost when output changes

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Correct Answer: Option B

Explanation:
Returns to scale examine how output changes when all inputs are increased by the same proportion. They can be increasing, constant or decreasing.

This question belongs to: Economy GK Economy Set 1

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