The 'e-filing' of income tax returns in India is done through: MCQ with Answer and Explanation

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The 'e-filing' of income tax returns in India is done through:

A. Income Tax e-Filing portal

B. SEBI portal

C. RBI portal

D. GST portal

Answer: Option A

Solution (By JKSSB Mock Tests)

Income tax returns are e-filed on the Income Tax e-Filing portal.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Pradhan Mantri Jeevan Jyoti Bima Yojana' provides:

A. vehicle insurance

B. crop insurance

C. health insurance

D. life insurance

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Correct Answer: Option D

Explanation:
PMJJBY provides life insurance cover.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'J-Curve' effect?

A. Appreciation always improves the trade balance

B. Depreciation has no effect on the trade balance

C. After a depreciation, the trade balance first deteriorates before improving

D. After a depreciation, the trade balance improves immediately

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Correct Answer: Option C

Explanation:
The J-curve describes the short-run deterioration of the trade balance following a depreciation (because quantities adjust slowly while prices change immediately), followed by a longer-run improvement.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Emergency Credit Line Guarantee Scheme' was launched to help MSMEs during:

A. demonetization

B. drought

C. flood

D. COVID-19 pandemic

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Correct Answer: Option D

Explanation:
ECLGS was launched during the COVID-19 pandemic to provide credit to MSMEs.

This question belongs to: Economy GK Economy Set 1

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