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

Question
The 'FDI' in single brand retail is allowed up to what percentage?
A. 74%
B. 100%
C. 51%
D. 49%
Answer: Option B
Solution (By JKSSB Mock Tests)
FDI in single brand retail is allowed up to 100%.
This question belongs to: Economy GK Economy Set 1
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Question #1
The concept of 'Precautionary Saving' arises because:
A. Individuals save more when future income is uncertain
B. Saving is independent of uncertainty
C. Only permanent income matters
D. Individuals save only for retirement
Discuss
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Correct Answer: Option A

Explanation:
Precautionary saving is additional saving undertaken by risk-averse agents to buffer against future income or expenditure uncertainty.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'National Anti-profiteering Authority' was later replaced by which body under GST?
A. Competition Commission of India
B. GST Council
C. Central Board of Indirect Taxes and Customs
D. GST Appellate Tribunal
Discuss
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Correct Answer: Option A

Explanation:
The NAA's functions were transferred to the Competition Commission of India.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is the correct sequence of stages in the business cycle?
A. Contraction, Expansion, Peak, Trough
B. Peak, Expansion, Trough, Contraction
C. Trough, Peak, Expansion, Contraction
D. Expansion, Peak, Contraction, Trough
Discuss
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Correct Answer: Option D

Explanation:
The typical stages of a business cycle are expansion (recovery), peak (boom), contraction (recession) and trough (depression), and then the cycle repeats.
This question belongs to: Economy GK Economy Set 1
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