The four labour codes in India consolidate how many existing central labour laws? MCQ with Answer and Explanation

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The four labour codes in India consolidate how many existing central labour laws?

A. 29

B. 10

C. 44

D. 100

Answer: Option A

Solution (By JKSSB Mock Tests)

The four labour codes consolidate 29 central labour laws.

This question belongs to: Economy GK Economy Set 1

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The 'SAARC Preferential Trading Arrangement' became operational in which year?

A. 2005

B. 1990

C. 2000

D. 1995

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Correct Answer: Option D

Explanation:
SAPTA became operational in 1995.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on food in restaurants is generally:

A. 5%

B. 28%

C. 18%

D. 12%

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Correct Answer: Option A

Explanation:
Restaurant services generally attract 5% GST without input tax credit, but some categories differ.

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Question #3

The concept of 'Liquidity Preference' theory explains the determination of:

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Correct Answer: Option B

Explanation:
According to Keynes, the rate of interest is determined by the demand for money (liquidity preference) and the supply of money.

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