The 'Code on Social Security' was passed in which year? MCQ with Answer and Explanation

The 'Code on Social Security' was passed in which year?
A. 2019
B. 2020
C. 2021
D. 2022
Answer: Option B
Solution (By JKSSB Mock Tests)
The Code on Social Security was passed in 2020.

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Practice More Economy Set 1 Questions

Question #1
The 'long-run aggregate supply curve' is:
A. downward sloping
B. vertical
C. U-shaped
D. horizontal

Correct Answer: Option B


Explanation:
The long-run aggregate supply curve is vertical at the full employment level of output.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a type of foreign capital inflow?
A. Foreign direct investment, portfolio investment and external commercial borrowings
B. Only government tax revenue
C. Only domestic equity issuance
D. Domestic bank deposits of residents

Correct Answer: Option A


Explanation:
Foreign capital inflows include FDI, FPI, external commercial borrowings, trade credit and other external liabilities.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on call centre services is:
A. 28%
B. 5%
C. 12%
D. 18%

Correct Answer: Option D


Explanation:
Call centre services attract 18% GST.

This question belongs to: Economy GK Economy Set 1