The 'Employees' Provident Fund' contribution is deposited by: MCQ with Answer and Explanation

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The 'Employees' Provident Fund' contribution is deposited by:

A. employee only

B. government only

C. both employer and employee

D. employer only

Answer: Option C

Solution (By JKSSB Mock Tests)

EPF contribution is made by both employer and employee.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'natural rate of unemployment' in monetarist economics is:

A. only cyclical unemployment

B. zero unemployment

C. the unemployment rate consistent with stable inflation

D. the maximum unemployment

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Correct Answer: Option C

Explanation:
The natural rate of unemployment is the rate consistent with stable inflation, including frictional and structural unemployment.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Central Goods and Services Tax Act' was passed in which year?

A. 2017

B. 2015

C. 2018

D. 2016

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Correct Answer: Option A

Explanation:
CGST Act was passed in 2017.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Uncovered Interest Parity' condition states that:

A. capital flows are zero

B. inflation rates are equal across countries

C. interest rates are equal across countries

D. expected exchange rate changes offset interest rate differentials

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Correct Answer: Option D

Explanation:
Uncovered interest parity says the expected exchange rate change equals the interest rate differential.

This question belongs to: Economy GK Economy Set 1

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