The 'core inflation' measure excludes: MCQ with Answer and Explanation

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The 'core inflation' measure excludes:

A. food and fuel

B. imports

C. manufactured goods

D. services

Answer: Option A

Solution (By JKSSB Mock Tests)

Core inflation excludes volatile food and fuel prices.

This question belongs to: Economy GK Economy Set 1

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Question #1

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

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
DTH services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Census of India' 2011 was the how many-th census?

A. 15th

B. 13th

C. 17th

D. 16th

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Correct Answer: Option A

Explanation:
Census 2011 was the 15th Census of India.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a major reason for the growth of the service sector in India?

A. Only agricultural growth

B. Decline in demand for services

C. Liberalisation, IT revolution and rising incomes

D. Complete absence of industrial growth

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Correct Answer: Option C

Explanation:
The service sector in India has grown rapidly due to economic liberalisation, the information technology revolution, rising incomes and global demand for services such as software and BPO.

This question belongs to: Economy GK Economy Set 1

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