The 'current daily status' of unemployment measures unemployment on: MCQ with Answer and Explanation

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The 'current daily status' of unemployment measures unemployment on:

A. weekly basis

B. monthly basis

C. yearly basis

D. a day basis

Answer: Option D

Solution (By JKSSB Mock Tests)

Current daily status measures unemployment for each day of the reference week.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of international trade, 'Voluntary Export Restraint' is an example of:

A. Tariff barrier

B. Export promotion measure

C. Free trade agreement

D. Non-tariff barrier

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Correct Answer: Option D

Explanation:
A Voluntary Export Restraint (VER) is a non-tariff barrier under which an exporting country agrees to limit the quantity of exports to a particular country.

This question belongs to: Economy GK Economy Set 1

Question #2

The Mahatma Gandhi National Rural Employment Guarantee Act guarantees how many days of wage employment in a financial year?

A. 100 days

B. 120 days

C. 90 days

D. 150 days

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Correct Answer: Option A

Explanation:
MGNREGA guarantees 100 days of wage employment in a financial year to rural households.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on butter and ghee is:

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option A

Explanation:
Butter and ghee attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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