The 'government route' for FDI requires: MCQ with Answer and Explanation

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The 'government route' for FDI requires:

A. only SEBI approval

B. no approval

C. only RBI approval

D. prior approval from the government

Answer: Option D

Solution (By JKSSB Mock Tests)

Government route requires prior approval from the concerned government ministry.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of behavioural economics, 'Anchoring' refers to:

A. Only the effect of final outcomes

B. The tendency for quantitative judgments to be influenced by an initially presented value

C. Only the use of rational Bayesian updating

D. The complete independence of judgments from any initial values

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Correct Answer: Option B

Explanation:
Anchoring is a cognitive bias in which individuals rely too heavily on an initial piece of information (the anchor) when making subsequent judgments.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'GST' regime in India has subsumed which of the following state taxes?

A. Customs duty

B. Income tax

C. Entry tax

D. Wealth tax

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Correct Answer: Option C

Explanation:
GST subsumed state taxes like entry tax, purchase tax and VAT.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Index of Industrial Production' is released by:

A. Ministry of Statistics and Programme Implementation

B. RBI

C. Ministry of Finance

D. NITI Aayog

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Correct Answer: Option A

Explanation:
IIP is released by the Ministry of Statistics and Programme Implementation.

This question belongs to: Economy GK Economy Set 1

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