The 'Foreign Direct Investment' policy in India is formulated by: MCQ with Answer and Explanation

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The 'Foreign Direct Investment' policy in India is formulated by:

A. SEBI

B. NITI Aayog

C. Department for Promotion of Industry and Internal Trade

D. RBI

Answer: Option C

Solution (By JKSSB Mock Tests)

FDI policy is formulated by the Department for Promotion of Industry and Internal Trade.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on railway freight is:

A. 18%

B. 0%

C. 12%

D. 5%

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Correct Answer: Option D

Explanation:
Rail freight attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'one rupee note' in India is issued by:

A. SBI

B. SEBI

C. Ministry of Finance, Government of India

D. RBI

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Correct Answer: Option C

Explanation:
The one rupee note is issued by the Government of India, not RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Commission for Scheduled Castes' is constituted under which article?

A. Article 342

B. Article 340

C. Article 338

D. Article 341

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Correct Answer: Option C

Explanation:
The National Commission for Scheduled Castes is constituted under Article 338.

This question belongs to: Economy GK Economy Set 1

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