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. organizing trade fairs and promoting exports

B. regulating banks

C. stock trading

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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Question #1

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The 'good and services tax' on petroleum crude, diesel, petrol, natural gas and aviation turbine fuel:

A. is levied at zero rate

B. has been fully included

C. is exempt

D. is presently outside GST

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Correct Answer: Option D

Explanation:
These petroleum products are currently outside the GST regime.

This question belongs to: Economy GK Economy Set 1

Question #2

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NSDL and CDSL are depositories for:

A. foreign exchange reserves

B. dematerialized securities

C. bank deposits

D. government cash balances

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Correct Answer: Option B

Explanation:
NSDL and CDSL are the two depositories that hold securities in dematerialized form.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Impossible Trinity' in international economics is also called:

A. the development trilemma

B. the monetary policy trilemma

C. the fiscal trilemma

D. the trade trilemma

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Correct Answer: Option B

Explanation:
The Impossible Trinity is also known as the monetary policy trilemma.

This question belongs to: Economy GK Economy Set 1

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