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

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The 'government route' for FDI requires:

A. no approval

B. only SEBI 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

The 'currency note' in India bears the signature of:

A. President

B. RBI Governor

C. Finance Minister

D. Prime Minister

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Correct Answer: Option B

Explanation:
Currency notes except one rupee bear the signature of the RBI Governor.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following methods estimates national income by summing wages, rent, interest and profit?

A. Production method

B. Value added method

C. Expenditure method

D. Income method

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Correct Answer: Option D

Explanation:
The income method sums all factor incomes: wages, rent, interest and profit.

This question belongs to: Economy GK Economy Set 1

Question #3

Labour productivity is measured as:

A. total population divided by labour force

B. wages divided by profit

C. capital divided by labour

D. output per unit of labour input

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Correct Answer: Option D

Explanation:
Labour productivity is output per unit of labour input.

This question belongs to: Economy GK Economy Set 1

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