The 'injection' into the circular flow in a three-sector economy includes: MCQ with Answer and Explanation

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The 'injection' into the circular flow in a three-sector economy includes:

A. government expenditure and investment

B. taxes

C. imports

D. saving

Answer: Option A

Solution (By JKSSB Mock Tests)

In a three-sector economy, injections include investment and government expenditure.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on branded cereals is:

A. 5%

B. 12%

C. 18%

D. 0%

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Correct Answer: Option A

Explanation:
Branded cereals attract 5% GST, while unbranded are exempt.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Imperial Bank of India' was created in 1921 by merging three presidency banks: Bank of Bengal, Bank of Bombay and:

A. Bank of Calcutta

B. Bank of Madras

C. Punjab National Bank

D. Allahabad Bank

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Correct Answer: Option B

Explanation:
The Imperial Bank of India was formed by merging Bank of Bengal, Bank of Bombay and Bank of Madras.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Global Gender Gap Report' is published by:

A. World Economic Forum

B. World Bank

C. UN Women

D. UNDP

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Correct Answer: Option A

Explanation:
The Global Gender Gap Report is published by the World Economic Forum.

This question belongs to: Economy GK Economy Set 1

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