The Energy Crisis in India is often measured in terms of: MCQ with Answer and Explanation

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The Energy Crisis in India is often measured in terms of:

A. fiscal deficit

B. forest cover

C. agricultural output

D. peak demand deficit and energy deficit

Answer: Option D

Solution (By JKSSB Mock Tests)

The power sector deficit is measured by the gap between peak demand and availability.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' zero rating on exports means:

A. exports are banned

B. exports are taxed at zero rate and input tax credit is allowed

C. exports are exempt with no input tax credit

D. exports are taxed at 5%

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Correct Answer: Option B

Explanation:
Zero-rated supplies are taxed at 0% and allow input tax credit refunds.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Periodic Labour Force Survey' was started in which year?

A. 2017

B. 2015

C. 2019

D. 2018

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Correct Answer: Option A

Explanation:
PLFS was launched in 2017.

This question belongs to: Economy GK Economy Set 1

Question #3

In the circular flow of income, leakages include:

A. income and output

B. consumption and government spending

C. saving, taxes and imports

D. investment and exports

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Correct Answer: Option C

Explanation:
Leakages from the circular flow are saving, taxes and imports.

This question belongs to: Economy GK Economy Set 1

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