The index used to measure the performance of core sector industries in India is: MCQ with Answer and Explanation

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The index used to measure the performance of core sector industries in India is:

A. Purchasing Managers' Index

B. Consumer Price Index

C. Wholesale Price Index

D. Index of Industrial Production

Answer: Option D

Solution (By JKSSB Mock Tests)

The Index of Industrial Production measures the performance of core sector industries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'GST compensation cess' was originally applicable for how many years from 2017?

A. 15 years

B. 2 years

C. 10 years

D. 5 years

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Correct Answer: Option D

Explanation:
GST compensation cess was initially applicable for five years from 2017 to 2022, later extended.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate applicable to a supply is determined by:

A. GST Council

B. President

C. SEBI

D. RBI

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Correct Answer: Option A

Explanation:
GST rates are recommended by the GST Council.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'non-plan expenditure' and 'plan expenditure' classification in the budget was removed from which financial year?

A. 2018-19

B. 2020-21

C. 2017-18

D. 2015-16

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Correct Answer: Option C

Explanation:
The plan/non-plan expenditure classification was removed from the 2017-18 budget.

This question belongs to: Economy GK Economy Set 1

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