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. Ministry of Commerce

C. RBI

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

The 'Agreement on Agriculture' under WTO came into force in which year?

A. 1994

B. 1998

C. 2000

D. 1995

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Correct Answer: Option D

Explanation:
The Agreement on Agriculture came into force in 1995.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of national income accounting, which of the following is excluded from GDP?

A. Value of intermediate goods

B. Imputed rent of owner-occupied houses

C. Value of final goods produced domestically

D. Government final consumption expenditure

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Correct Answer: Option A

Explanation:
Intermediate goods are excluded from GDP to avoid double counting. Only the value of final goods and services is included.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Udyam Registration' portal is used for registration of:

A. MSMEs

B. banks

C. large companies

D. stock brokers

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Correct Answer: Option A

Explanation:
Udyam Registration is the online registration portal for MSMEs.

This question belongs to: Economy GK Economy Set 1

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