The 'Finance Bill' is passed under which article of the Constitution? MCQ with Answer and Explanation

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The 'Finance Bill' is passed under which article of the Constitution?

A. Article 110

B. Article 324

C. Article 280

D. Article 117

Answer: Option D

Solution (By JKSSB Mock Tests)

The Finance Bill is a Money Bill passed under Article 117.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the Classical dichotomy?

A. Wages and prices are sticky

B. Money is neutral in the long run and affects only nominal variables

C. Real and nominal variables are interdependent

D. Fiscal policy is the only effective tool

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Correct Answer: Option B

Explanation:
Classical dichotomy refers to the separation of real and nominal variables, with money being neutral in the long run and affecting only the price level, not real output or employment.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Payment of Bonus Act' was enacted in India in which year?

A. 1965

B. 1976

C. 1972

D. 1956

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Correct Answer: Option A

Explanation:
The Payment of Bonus Act was enacted in 1965.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Policy on Skill Development and Entrepreneurship' was released in which year?

A. 2018

B. 2015

C. 2020

D. 2009

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Correct Answer: Option B

Explanation:
The National Policy on Skill Development and Entrepreneurship was released in 2015.

This question belongs to: Economy GK Economy Set 1

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