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. saving

B. imports

C. taxes

D. government expenditure and investment

Answer: Option D

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 hotel accommodation below Rs 1,000 is:

A. 12%

B. 5%

C. exempt

D. 0%

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Correct Answer: Option C

Explanation:
Hotel rooms with tariff below Rs 1,000 are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on luxury cars is:

A. 5%

B. 28%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Luxury cars attract 28% GST plus cess.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Round Revolution' in India is associated with:

A. milk

B. fish

C. potato production

D. eggs

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Correct Answer: Option C

Explanation:
The Round Revolution is associated with increased potato production.

This question belongs to: Economy GK Economy Set 1

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