The 'Consumer Expenditure Survey' in India is conducted by: MCQ with Answer and Explanation

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The 'Consumer Expenditure Survey' in India is conducted by:

A. NITI Aayog

B. RBI

C. Ministry of Finance

D. National Statistical Office

Answer: Option D

Solution (By JKSSB Mock Tests)

Consumer Expenditure Survey is conducted by NSO.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on mineral water is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
Mineral water attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Fear of Floating' phenomenon identified by Calvo and Reinhart?

A. Floating is always preferred to pegging

B. Many emerging-market countries that claim to float actually intervene heavily to limit exchange-rate volatility

C. All countries freely float without intervention

D. Only advanced economies fear floating

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Correct Answer: Option B

Explanation:
Fear of floating describes the empirical regularity that many countries officially classified as floaters in fact intervene frequently and allow only limited exchange-rate variability, often because of balance-sheet vulnerabilities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Rail Budget' in India was merged with the Union Budget in which year?

A. 2015

B. 2018

C. 2019

D. 2017

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Correct Answer: Option D

Explanation:
Rail Budget was merged with Union Budget from 2017-18.

This question belongs to: Economy GK Economy Set 1

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