The 'Finance Bill' is a bill that: MCQ with Answer and Explanation

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The 'Finance Bill' is a bill that:

A. deals with foreign policy

B. deals with banking regulation

C. contains taxation proposals of the government

D. deals only with defence expenditure

Answer: Option C

Solution (By JKSSB Mock Tests)

The Finance Bill contains tax proposals and other financial measures.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of monetary economics, the 'Money Multiplier' is:

A. The ratio of exports to imports

B. The ratio of investment to saving

C. The ratio of broad money to reserve money

D. The ratio of fiscal deficit to GDP

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Correct Answer: Option C

Explanation:
The money multiplier is the ratio of the stock of broad money (such as M3) to the stock of reserve money, reflecting the extent of credit creation by the banking system.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Housing as a Human Right' implies that:

A. Adequate housing is regarded as a fundamental entitlement that states have obligations to respect, protect and fulfil

B. Only the absence of any public housing policy

C. Housing is only a private market commodity without any rights dimension

D. Only home ownership is a right

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Correct Answer: Option A

Explanation:
The recognition of housing as a human right, grounded in international human-rights instruments, entails obligations on states to ensure progressive access to adequate, affordable and secure housing for all.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on hotel accommodation Rs 1,000 to Rs 7,500 is:

A. 18%

B. 12%

C. 28%

D. 5%

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Correct Answer: Option B

Explanation:
Hotel rooms in this tariff range attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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