The 'Department for Promotion of Industry and Internal Trade' is under which ministry? MCQ with Answer and Explanation

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The 'Department for Promotion of Industry and Internal Trade' is under which ministry?

A. Ministry of Commerce and Industry

B. Ministry of MSME

C. Ministry of Finance

D. Ministry of Heavy Industries

Answer: Option A

Solution (By JKSSB Mock Tests)

DPIIT is under the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'United Nations' has how many principal organs?

A. 6

B. 7

C. 4

D. 5

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Correct Answer: Option A

Explanation:
The United Nations has six principal organs.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on foreign exchange conversion services is:

A. 12%

B. 18% on the service fee

C. 5%

D. 0%

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Correct Answer: Option B

Explanation:
Foreign exchange conversion services attract GST on the service fee at 18%.

This question belongs to: Economy GK Economy Set 1

Question #3

The J-curve effect suggests that after a currency depreciation, the trade balance:

A. improves immediately

B. never improves

C. initially worsens before improving

D. is unaffected

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Correct Answer: Option C

Explanation:
The J-curve effect shows that trade balance may worsen initially after depreciation before improving.

This question belongs to: Economy GK Economy Set 1

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