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

Question
The 'India Trade Promotion Organisation' is responsible for:
A. organizing trade fairs and promoting exports
B. stock trading
C. regulating banks
D. collecting taxes
Answer: Option A
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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Practice More Economy Set 1 Questions

Question #1
Which of the following is a major objective of NITI Aayog?
A. Formulating Five Year Plans with mandatory targets
B. Controlling monetary policy
C. Promoting cooperative federalism and providing strategic policy advice
D. Replacing the Finance Commission
Discuss
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Correct Answer: Option C

Explanation:
NITI Aayog aims to foster cooperative federalism, serve as a think tank, and provide strategic and technical advice to the Centre and states.
This question belongs to: Economy GK Economy Set 1
Question #2
In the context of production, the stage of diminishing returns begins when:
A. Marginal product starts declining
B. Average product is zero
C. Total product is maximum
D. Marginal product is negative
Discuss
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Correct Answer: Option A

Explanation:
The stage of diminishing returns starts when the marginal product of the variable factor begins to decline, although it may still be positive.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Intellectual Property Rights' in India are administered by which department?
A. Ministry of Finance
B. Ministry of Law
C. RBI
D. Department for Promotion of Industry and Internal Trade
Discuss
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Correct Answer: Option D

Explanation:
IPR policy is administered by DPIIT.
This question belongs to: Economy GK Economy Set 1
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