The concept of 'Inclusive Growth' emphasises: MCQ with Answer and Explanation

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The concept of 'Inclusive Growth' emphasises:

A. Only growth in the formal sector

B. Only growth in urban areas

C. Only the maximisation of GDP growth regardless of distribution

D. Growth that is broad-based, creates productive employment and reduces poverty and inequality

Answer: Option D

Solution (By JKSSB Mock Tests)

Inclusive growth is economic growth that generates productive employment opportunities for a large part of the labour force and ensures that the benefits of growth are widely shared.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Personal Income' in national accounting is:

A. income after personal taxes

B. corporate profits only

C. the same as national income

D. income received by households before personal taxes

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Correct Answer: Option D

Explanation:
Personal income is the income received by households before personal taxes.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on gym and fitness services is:

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Gym and fitness services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The Goods and Services Tax was introduced through which Constitutional Amendment Act?

A. 101st

B. 99th

C. 102nd

D. 100th

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Correct Answer: Option A

Explanation:
GST was introduced through the 101st Constitutional Amendment Act, 2016.

This question belongs to: Economy GK Economy Set 1

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