The 'Contract Labour (Regulation and Abolition) Act' was enacted in which year? MCQ with Answer and Explanation

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The 'Contract Labour (Regulation and Abolition) Act' was enacted in which year?

A. 1970

B. 1976

C. 1961

D. 1986

Answer: Option A

Solution (By JKSSB Mock Tests)

The Contract Labour Act was enacted in 1970.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on BPO services is:

A. 18%

B. 28%

C. 12%

D. 5%

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Correct Answer: Option A

Explanation:
BPO services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Manufacturing Policy' was released in which year?

A. 2011

B. 2017

C. 2014

D. 2005

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Correct Answer: Option A

Explanation:
The National Manufacturing Policy was released in 2011.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Special Economic Zone' (SEZ) is associated with:

A. Restricting foreign investment

B. Promoting exports and attracting investment

C. Increasing import tariffs

D. Reducing agricultural production

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Correct Answer: Option B

Explanation:
SEZs are designated areas that offer incentives such as tax benefits and simplified procedures to promote exports, attract domestic and foreign investment, and generate employment.

This question belongs to: Economy GK Economy Set 1

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