The 'index of eight core industries' does not include which of the following? MCQ with Answer and Explanation

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The 'index of eight core industries' does not include which of the following?

A. Steel

B. Pharmaceuticals

C. Cement

D. Coal

Answer: Option B

Solution (By JKSSB Mock Tests)

Pharmaceuticals is not included in the eight core industries.

This question belongs to: Economy GK Economy Set 1

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Question #1

Moral suasion by the RBI refers to:

A. buying securities from banks

B. persuasion and advice to banks to follow monetary policy objectives

C. legal penalties on banks

D. raising reserve requirements

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Correct Answer: Option B

Explanation:
Moral suasion is a non-statutory instrument of persuasion by the RBI to influence bank behaviour.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on newspapers is:

A. 5%

B. 0%

C. 18%

D. 12%

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Correct Answer: Option B

Explanation:
Newspapers are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' refund for exporters is available through:

A. income tax return

B. GST refund mechanism

C. SEBI

D. customs only

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Correct Answer: Option B

Explanation:
Exporters can claim refunds of accumulated input tax credit under GST.

This question belongs to: Economy GK Economy Set 1

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