The 'Ease of Doing Business' in India is measured by which index? MCQ with Answer and Explanation

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The 'Ease of Doing Business' in India is measured by which index?

A. Human Development Index

B. Logistics Performance Index

C. Global Competitiveness Index

D. World Bank's Ease of Doing Business Index

Answer: Option D

Solution (By JKSSB Mock Tests)

Ease of Doing Business is measured by the World Bank's index.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the Quantity Theory of Money in its classical form?

A. Velocity of money is variable and unstable

B. Output is determined by aggregate demand

C. Interest rates determine money demand only

D. Money supply determines the price level assuming full employment and constant velocity

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Correct Answer: Option D

Explanation:
In the classical Quantity Theory (MV = PT), with V and T assumed constant and full employment, changes in money supply (M) lead to proportional changes in the price level (P).

This question belongs to: Economy GK Economy Set 1

Question #2

The 'General Budget' in India was separated from the Railway Budget in which year?

A. 1950

B. 1947

C. 1924

D. 1921

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Correct Answer: Option C

Explanation:
Railway Budget was separated from the General Budget in 1924 on the Acworth Committee recommendation.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Customs duty' is levied on:

A. domestic production

B. imports and exports of goods

C. services only

D. income of citizens

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Correct Answer: Option B

Explanation:
Customs duty is levied on imports and, in some cases, exports of goods.

This question belongs to: Economy GK Economy Set 1

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