The 'e-way bill' validity is based on: MCQ with Answer and Explanation

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The 'e-way bill' validity is based on:

A. distance to be travelled

B. type of vehicle

C. number of goods

D. value of goods

Answer: Option A

Solution (By JKSSB Mock Tests)

E-way bill validity depends on the distance of movement.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The concept of 'Precautionary Saving' arises because:

A. Individuals save only for retirement

B. Individuals save more when future income is uncertain

C. Saving is independent of uncertainty

D. Only permanent income matters

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Correct Answer: Option B

Explanation:
Precautionary saving is additional saving undertaken by risk-averse agents to buffer against future income or expenditure uncertainty.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Cheque Truncation System' processes cheques by:

A. physically moving cheques to the paying bank

B. converting cheques into cash immediately

C. destroying all cheques

D. transmitting electronic image of the cheque

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Correct Answer: Option D

Explanation:
CTS processes cheques by transmitting electronic images rather than moving physical cheques.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Modigliani-Miller Theorem'?

A. The value of a firm always rises with higher leverage

B. Dividend policy always affects firm value

C. In perfect capital markets, the value of a firm is independent of its capital structure

D. Capital structure is the only determinant of firm value

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Correct Answer: Option C

Explanation:
The Modigliani-Miller theorem asserts that, under perfect capital markets (no taxes, no bankruptcy costs, no asymmetric information), the total value of a firm is independent of whether it is financed by debt or equity.

This question belongs to: Economy GK Economy Set 1

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