The Finance Commission is constituted under which Article of the Constitution? MCQ with Answer and Explanation

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The Finance Commission is constituted under which Article of the Constitution?

A. 356

B. 324

C. 280

D. 360

Answer: Option C

Solution (By JKSSB Mock Tests)

The Finance Commission is constituted under Article 280 of the Constitution.

This question belongs to: Economy GK Economy Set 1

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Question #1

The target of installed renewable energy capacity set by India for 2030 is:

A. 100 GW

B. 175 GW

C. 450 GW

D. 500 GW

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Correct Answer: Option D

Explanation:
India has set a target of 500 GW of non-fossil fuel capacity by 2030.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Pradhan Mantri Mudra Yojana' is implemented through which institutions?

A. Post offices only

B. NABARD only

C. Banks, NBFCs, MFIs and other intermediaries

D. Insurance companies

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Correct Answer: Option C

Explanation:
MUDRA loans are provided through banks, NBFCs, microfinance institutions and other intermediaries.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'optimal currency area' theory was developed by:

A. Robert Mundell

B. Paul Krugman

C. Milton Friedman

D. John Maynard Keynes

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Correct Answer: Option A

Explanation:
Robert Mundell developed the theory of optimal currency areas.

This question belongs to: Economy GK Economy Set 1

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