The 'Consolidated Fund of India' is established under which article? MCQ with Answer and Explanation

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The 'Consolidated Fund of India' is established under which article?

A. Article 280

B. Article 266

C. Article 312

D. Article 263

Answer: Option B

Solution (By JKSSB Mock Tests)

The Consolidated Fund of India is constituted under Article 266.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'worker population ratio' is defined as:

A. labour force divided by population

B. workers divided by total population

C. unemployed divided by labour force

D. workers divided by population in relevant age group

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Correct Answer: Option D

Explanation:
Worker population ratio is workers as a percentage of population in the relevant age group.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Swachh Bharat Mission' aims to achieve:

A. only urban sanitation

B. only water supply

C. open defecation free India and solid waste management

D. only rural roads

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Correct Answer: Option C

Explanation:
Swachh Bharat Mission aims at open defecation free India and solid waste management.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Keynesian consumption function?

A. Consumption depends only on the rate of interest

B. Consumption is a function of current disposable income

C. Average propensity to consume rises with income

D. Consumption is independent of income

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Correct Answer: Option B

Explanation:
The simple Keynesian consumption function states that current consumption depends primarily on current disposable income, with a positive marginal propensity to consume less than one.

This question belongs to: Economy GK Economy Set 1

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