The 'consumer price index' in India is released by which organization? MCQ with Answer and Explanation

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The 'consumer price index' in India is released by which organization?

A. National Statistical Office

B. RBI

C. Labour Bureau

D. Ministry of Finance

Answer: Option A

Solution (By JKSSB Mock Tests)

CPI is released by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Laffer curve' suggests that beyond a certain tax rate, an increase in the tax rate may:

A. leave revenue unchanged

B. eliminate all tax revenue immediately

C. reduce total tax revenue

D. increase total tax revenue

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Correct Answer: Option C

Explanation:
The Laffer curve suggests very high tax rates can reduce work and investment, lowering tax revenue.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on real estate under-construction properties is:

A. 18%

B. 5% or 1% for affordable housing

C. 0%

D. 12%

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Correct Answer: Option B

Explanation:
Under-construction residential properties attract 5% GST (1% for affordable housing without ITC).

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is NOT a component of the Human Development Report published by UNDP?

A. Wholesale Price Index of India

B. Gender Inequality Index

C. Human Development Index

D. Multidimensional Poverty Index

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Correct Answer: Option A

Explanation:
The Wholesale Price Index is an Indian domestic price index. The Human Development Report includes HDI, GII, MPI and other development-related indices.

This question belongs to: Economy GK Economy Set 1

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