The 'FDI' in multi-brand retail is allowed up to what percentage? MCQ with Answer and Explanation

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The 'FDI' in multi-brand retail is allowed up to what percentage?

A. 100%

B. 49%

C. 74%

D. 51%

Answer: Option D

Solution (By JKSSB Mock Tests)

FDI in multi-brand retail is allowed up to 51% under government approval.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on cinema tickets below Rs 100 is:

A. 12%

B. 5%

C. 28%

D. 18%

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Correct Answer: Option A

Explanation:
Cinema tickets up to Rs 100 attract 12% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Interest Rate Parity' conditions?

A. They are independent of exchange rates

B. They determine only domestic interest rates

C. They link interest rates and expected or forward exchange-rate changes across countries

D. They apply only to real interest rates

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Correct Answer: Option C

Explanation:
Both covered and uncovered interest parity conditions relate the interest differential between two countries to the forward premium or the expected change in the exchange rate.

This question belongs to: Economy GK Economy Set 1

Question #3

The value of the SDR is based on a basket of how many currencies?

A. 3

B. 6

C. 5

D. 4

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Correct Answer: Option C

Explanation:
The SDR basket consists of five currencies: US dollar, euro, Chinese yuan, Japanese yen and British pound.

This question belongs to: Economy GK Economy Set 1

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