The 'Comptroller and Auditor General of India' is appointed under which article? MCQ with Answer and Explanation

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The 'Comptroller and Auditor General of India' is appointed under which article?

A. Article 280

B. Article 148

C. Article 150

D. Article 324

Answer: Option B

Solution (By JKSSB Mock Tests)

The CAG is appointed under Article 148.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'OPEC' is an organization of:

A. coal exporters

B. oil-importing countries

C. natural gas exporters only

D. oil-exporting countries

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Correct Answer: Option D

Explanation:
OPEC is the Organization of the Petroleum Exporting Countries.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a market structure based on the number of sellers?

A. Only bilateral monopoly

B. Only monopsony

C. Monopoly, duopoly, oligopoly and perfect competition

D. Only monopolistic competition as buyer-based

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Correct Answer: Option C

Explanation:
Market structures classified by the number of sellers include monopoly (one), duopoly (two), oligopoly (few) and perfect competition (many).

This question belongs to: Economy GK Economy Set 1

Question #3

The Reserve Tranche Position in India's forex reserves refers to:

A. foreign currency assets held abroad

B. India's quota subscription to IMF paid in foreign currency that can be drawn without conditions

C. gold held by RBI

D. SDR holdings

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Correct Answer: Option B

Explanation:
The Reserve Tranche Position is India's IMF quota subscription held in foreign currency.

This question belongs to: Economy GK Economy Set 1

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