The 'GeM' portal is operated by which organization? MCQ with Answer and Explanation

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The 'GeM' portal is operated by which organization?

A. Ministry of Commerce and Industry

B. Ministry of Finance

C. RBI

D. NITI Aayog

Answer: Option A

Solution (By JKSSB Mock Tests)

Government e-Marketplace is operated under the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'dumping margin' is the difference between:

A. export price and home market price

B. tariff and subsidy

C. import price and domestic price

D. export price and cost of production

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Correct Answer: Option A

Explanation:
Dumping margin is the difference between the normal value (home market price) and export price.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Reverse repo rate' is the rate at which RBI:

A. lends to the government

B. borrows from banks against government securities

C. rediscounts bills

D. lends to banks

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Correct Answer: Option B

Explanation:
Reverse repo is the rate at which RBI borrows from banks against government securities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Generalized System of Preferences' allows developed countries to:

A. impose higher tariffs on developing countries

B. harmonize exchange rates

C. ban imports from developing countries

D. grant preferential tariff treatment to developing countries

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Correct Answer: Option D

Explanation:
GSP allows developed countries to grant preferential tariff treatment to developing countries.

This question belongs to: Economy GK Economy Set 1

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