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. employer only

B. both employer and employee

C. employee only

D. government only

Answer: Option B

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 'Patent' in India is granted by which office?

A. Controller General of Patents, Designs and Trade Marks

B. SEBI

C. Ministry of Finance

D. RBI

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Correct Answer: Option A

Explanation:
Patents are granted by the Office of Controller General of Patents, Designs and Trade Marks.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Carbon Border Adjustment Mechanism' proposals?

A. A complete ban on all imports

B. Only domestic carbon taxes without border measures

C. A levy on imports based on their embedded carbon content to prevent carbon leakage and protect domestic climate policies

D. Only export subsidies for green goods

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Correct Answer: Option C

Explanation:
A carbon border adjustment mechanism imposes a charge on imported goods equivalent to the domestic carbon price, thereby reducing the risk of carbon leakage and maintaining the competitiveness of domestic producers.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Green Revolution' in India was mainly introduced during the tenure of which Prime Minister?

A. Indira Gandhi

B. Morarji Desai

C. Jawaharlal Nehru

D. Lal Bahadur Shastri

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Correct Answer: Option D

Explanation:
The Green Revolution was initiated during Lal Bahadur Shastri's tenure in the mid-1960s.

This question belongs to: Economy GK Economy Set 1

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