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. NITI Aayog

B. SEBI

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 'FDI' in single brand retail is allowed up to what percentage?

A. 100%

B. 51%

C. 74%

D. 49%

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Correct Answer: Option A

Explanation:
FDI in single brand retail is allowed up to 100%.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Baumol-Tobin Model' of money demand?

A. Money demand is independent of the interest rate

B. Money demand arises from the transactions motive and depends on income and the interest rate

C. Only the speculative motive matters

D. Money demand is proportional only to wealth

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Correct Answer: Option B

Explanation:
The Baumol-Tobin inventory-theoretic model derives transactions demand for money as a function of income (or expenditure), the interest rate and the fixed cost of transferring funds between money and interest-bearing assets.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Finance Bill' is passed under which article of the Constitution?

A. Article 110

B. Article 280

C. Article 324

D. Article 117

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Correct Answer: Option D

Explanation:
The Finance Bill is a Money Bill passed under Article 117.

This question belongs to: Economy GK Economy Set 1

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