The 'G-20' is a group of: MCQ with Answer and Explanation

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The 'G-20' is a group of:

A. 20 African countries

B. 20 EU countries

C. major advanced and emerging economies

D. 20 poorest countries

Answer: Option C

Solution (By JKSSB Mock Tests)

The G20 is a group of major advanced and emerging economies.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the Indian agricultural sector?

A. High and uniform productivity across states

B. Complete independence from monsoon

C. Predominance of small and marginal farmers

D. High capital intensity comparable to industry

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Correct Answer: Option C

Explanation:
Indian agriculture is dominated by small and marginal landholdings, leading to challenges of scale, productivity and access to credit and technology.

This question belongs to: Economy GK Economy Set 1

Question #2

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The immediate cause of the 1991 economic crisis in India was:

A. fall in agricultural production

B. industrial stagnation

C. a severe drought

D. a balance of payments crisis

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Correct Answer: Option D

Explanation:
The 1991 economic crisis was triggered by a severe balance of payments crisis.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on services by the United Nations and international organizations is:

A. 5%

B. exempt

C. 0%

D. 18%

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Correct Answer: Option B

Explanation:
Services by UN and specified international organizations are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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