The 'Estimates Committee' in Parliament examines: MCQ with Answer and Explanation

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The 'Estimates Committee' in Parliament examines:

A. foreign policy

B. CAG reports

C. judicial appointments

D. budget estimates and efficiency of expenditure

Answer: Option D

Solution (By JKSSB Mock Tests)

Estimates Committee examines budget estimates and efficiency of expenditure.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on construction services is:

A. 28%

B. 5%

C. 18% for commercial construction

D. 12%

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Correct Answer: Option C

Explanation:
Commercial construction services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Availability Heuristic'?

A. Memory has no effect on probability judgments

B. Only statistical frequencies matter

C. People assess the probability of an event by the ease with which instances come to mind

D. People always use base rates correctly

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Correct Answer: Option C

Explanation:
The availability heuristic leads people to judge the likelihood of events by how readily examples can be recalled, which can produce systematic biases when memory is distorted by vividness or recency.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Career Service' portal is an initiative of:

A. Ministry of Finance

B. Ministry of Education

C. Ministry of Labour and Employment

D. NITI Aayog

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Correct Answer: Option C

Explanation:
National Career Service is an initiative of the Ministry of Labour and Employment.

This question belongs to: Economy GK Economy Set 1

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