The 'Gift City' in Gujarat is an International Financial Services Centre that offers: MCQ with Answer and Explanation

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The 'Gift City' in Gujarat is an International Financial Services Centre that offers:

A. only domestic banking

B. only stock trading

C. tax incentives and international financial services

D. only commodity trading

Answer: Option C

Solution (By JKSSB Mock Tests)

GIFT City offers international financial services with tax and regulatory incentives.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Gross Domestic Product' at market prices equals GVA at basic prices plus:

A. net factor income from abroad

B. depreciation

C. product subsidies minus product taxes

D. product taxes minus product subsidies

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Correct Answer: Option D

Explanation:
GDP at market prices = GVA at basic prices + product taxes - product subsidies.

This question belongs to: Economy GK Economy Set 1

Question #2

The law of variable proportions is associated with the:

A. long run

B. very long run

C. all time periods equally

D. short run

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Correct Answer: Option D

Explanation:
The law of variable proportions operates in the short run when at least one factor is fixed.

This question belongs to: Economy GK Economy Set 1

Question #3

Open Market Operations refer to:

A. lending by commercial banks to customers

B. trading in stock exchanges

C. sale and purchase of government securities by the RBI

D. issue of new currency notes

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Correct Answer: Option C

Explanation:
Open Market Operations are the sale and purchase of government securities by the RBI to regulate liquidity.

This question belongs to: Economy GK Economy Set 1

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