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. 100%

B. 26%

C. 74%

D. 49%

Answer: Option C

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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Average product is obtained by dividing total product by:

A. total cost

B. fixed input

C. marginal product

D. units of variable input

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Correct Answer: Option D

Explanation:
Average product is total product divided by the units of the variable input used.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Securities and Exchange Board of India' was established in 1988 but became a statutory body in:

A. 1990

B. 2000

C. 1995

D. 1992

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Correct Answer: Option D

Explanation:
SEBI became a statutory body in 1992.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Intergenerational Equity' in fiscal policy emphasises:

A. Fair distribution of the burden of public debt between present and future generations

B. Only reducing taxes for the current generation

C. Only maximising current consumption

D. Only short-term stabilisation

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Correct Answer: Option A

Explanation:
Intergenerational equity requires that the burden of financing public expenditure and debt is distributed fairly across generations so that future generations are not unduly burdened.

This question belongs to: Economy GK Economy Set 1

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