The 'Economic Survey' in India is prepared by: MCQ with Answer and Explanation

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The 'Economic Survey' in India is prepared by:

A. RBI

B. NITI Aayog

C. Department of Economic Affairs, Ministry of Finance

D. National Statistical Office

Answer: Option C

Solution (By JKSSB Mock Tests)

The Economic Survey is prepared by the Department of Economic Affairs in the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Chief Executive Officer' of NITI Aayog is appointed by:

A. Parliament

B. Prime Minister

C. President

D. Finance Minister

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Correct Answer: Option B

Explanation:
The CEO of NITI Aayog is appointed by the Prime Minister.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on transport of passengers by rail is:

A. 18%

B. 12%

C. 0%

D. exempt for general class and 5% for AC classes

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Correct Answer: Option D

Explanation:
Rail passenger transport is exempt for general class and 5% for AC classes.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Union Budget' is presented under which article of the Constitution?

A. Article 265

B. Article 112

C. Article 280

D. Article 110

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Correct Answer: Option B

Explanation:
The Annual Financial Statement is presented under Article 112.

This question belongs to: Economy GK Economy Set 1

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