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

Question

Share Report Error

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

A. 49%

B. 74%

C. 100%

D. 51%

Answer: Option C

Solution (By JKSSB Mock Tests)

FDI in single brand retail is allowed up to 100%.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The term 'Managed Floating' exchange rate system means:

A. Exchange rate is completely fixed by the government

B. There is no role for the central bank

C. Exchange rate is determined by market forces with occasional central bank intervention

D. Exchange rate is fixed in terms of gold only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Under a managed floating system, the exchange rate is primarily determined by market forces, but the central bank intervenes occasionally to prevent excessive volatility.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Giffen paradox' occurs when:

A. the income effect of a price rise dominates the substitution effect for an inferior good

B. the substitution effect dominates the income effect

C. the good is a luxury

D. the good has many substitutes

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Giffen goods have a strong negative income effect that outweighs the substitution effect, causing demand to rise with price.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate on concerts and sporting events is:

A. 18%

B. 5%

C. 12%

D. 28%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Concerts and sporting events attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs