The 'Foreign Direct Investment' limit in defence sector was increased to what percentage through the automatic route? MCQ with Answer and Explanation

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The 'Foreign Direct Investment' limit in defence sector was increased to what percentage through the automatic route?

A. 49%

B. 74%

C. 100%

D. 26%

Answer: Option B

Solution (By JKSSB Mock Tests)

FDI in defence under automatic route is allowed up to 74%, with higher under government route.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'circular flow of income' in a three-sector economy includes:

A. firms and government only

B. government and foreign sector only

C. households, firms and foreign sector

D. households, firms and government

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Correct Answer: Option D

Explanation:
A three-sector economy includes households, firms and government.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'big push theory' of development was proposed by:

A. W.W. Rostow

B. Amartya Sen

C. Paul Rosenstein-Rodan

D. Arthur Lewis

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Correct Answer: Option C

Explanation:
The big push theory was proposed by Paul Rosenstein-Rodan.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on a supply is determined by the:

A. type of product only

B. place of supply

C. mode of payment

D. location of supplier

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Correct Answer: Option B

Explanation:
GST liability depends on the place of supply and the nature of supply.

This question belongs to: Economy GK Economy Set 1

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