The 'currency futures' are standardized contracts to exchange currencies at a future date and are traded on: MCQ with Answer and Explanation

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The 'currency futures' are standardized contracts to exchange currencies at a future date and are traded on:

A. RBI only

B. stock exchanges

C. commercial banks only

D. over-the-counter only

Answer: Option B

Solution (By JKSSB Mock Tests)

Currency futures are exchange-traded standardized contracts.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on hotel rooms with tariff above Rs 7,500 is:

A. 12%

B. 18%

C. 28%

D. 5%

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Correct Answer: Option B

Explanation:
Hotel rooms above Rs 7,500 tariff attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Intellectual Property Rights Policy' was released in India in which year?

A. 2013

B. 2020

C. 2018

D. 2016

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Correct Answer: Option D

Explanation:
The National IPR Policy was released in 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Gross Value Added' at basic prices for an enterprise equals:

A. output plus subsidies

B. sales plus profits

C. output minus intermediate consumption

D. output plus taxes

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Correct Answer: Option C

Explanation:
GVA = output minus intermediate consumption.

This question belongs to: Economy GK Economy Set 1

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