The 'Food Corporation of India' was established in which year? MCQ with Answer and Explanation

Question

Share Report Error

The 'Food Corporation of India' was established in which year?

A. 1965

B. 1970

C. 1956

D. 1975

Answer: Option A

Solution (By JKSSB Mock Tests)

The Food Corporation of India was established in 1965.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Directorate General of Goods and Services Tax Intelligence' deals with:

A. customs only

B. income tax evasion

C. corporate fraud

D. GST evasion and intelligence

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
DGGI deals with GST evasion and intelligence.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a characteristic of money?

A. Portability

B. Divisibility

C. Durability

D. Perishability as a desirable feature

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Desirable characteristics of money include durability, portability, divisibility, uniformity and limited supply. Perishability is undesirable as money should retain value over time.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a tool to measure income inequality?

A. Engel Curve

B. Phillips Curve

C. Laffer Curve

D. Lorenz Curve

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Lorenz Curve plots the cumulative percentage of income against the cumulative percentage of population and is used to measure income inequality (along with the Gini coefficient).

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs