The 'Finance Secretary' in India is under the: MCQ with Answer and Explanation

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The 'Finance Secretary' in India is under the:

A. Ministry of Finance

B. RBI

C. Ministry of Commerce

D. NITI Aayog

Answer: Option A

Solution (By JKSSB Mock Tests)

Finance Secretary is the administrative head of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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Question #1

Dumping refers to:

A. selling goods in a foreign market below cost or home market price

B. imposing high tariffs on imports

C. buying goods from abroad at lower prices

D. exporting goods with subsidies

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Correct Answer: Option A

Explanation:
Dumping is selling goods in a foreign market below cost or home market price.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Maternity Benefit Act' was enacted in India in which year?

A. 1956

B. 1961

C. 1972

D. 1976

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Correct Answer: Option B

Explanation:
The Maternity Benefit Act was enacted in 1961.

This question belongs to: Economy GK Economy Set 1

Question #3

Green GDP is an indicator that adjusts GDP for:

A. foreign debt

B. inflation

C. environmental degradation and natural resource depletion

D. population growth

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Correct Answer: Option C

Explanation:
Green GDP adjusts conventional GDP for environmental degradation and natural resource depletion.

This question belongs to: Economy GK Economy Set 1

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