The 'India Trade Promotion Organisation' is responsible for: MCQ with Answer and Explanation

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The 'India Trade Promotion Organisation' is responsible for:

A. stock trading

B. collecting taxes

C. organizing trade fairs and promoting exports

D. regulating banks

Answer: Option C

Solution (By JKSSB Mock Tests)

ITPO organizes trade fairs and promotes India's external trade.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is the primary objective of monetary policy in India?

A. Reducing fiscal deficit

B. Increasing government expenditure

C. Maximising tax revenue

D. Price stability while keeping in mind growth

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Correct Answer: Option D

Explanation:
As per the Monetary Policy Framework Agreement, the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Coinage Act' in India is administered by:

A. Government of India

B. SBI

C. RBI

D. SEBI

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Correct Answer: Option A

Explanation:
Coins are issued by the Government of India under the Coinage Act.

This question belongs to: Economy GK Economy Set 1

Question #3

Quasi-rent is associated with:

A. money supply

B. fixed factors in the short run

C. land in the long run

D. labour only

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Correct Answer: Option B

Explanation:
Quasi-rent is the short-run return to a fixed factor of production.

This question belongs to: Economy GK Economy Set 1

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