The 'International Financial Services Centre' in India is located at: MCQ with Answer and Explanation

The 'International Financial Services Centre' in India is located at:
A. Bengaluru
B. Mumbai
C. GIFT City, Gandhinagar
D. Hyderabad
Answer: Option C
Solution (By JKSSB Mock Tests)
India's first IFSC is in GIFT City, Gandhinagar, Gujarat.

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Practice More Economy Set 1 Questions

Question #1
In the context of public finance, the 'Median Voter Theorem' predicts that:
A. Only unanimous decisions are possible
B. The outcome always reflects the preference of the richest voter
C. Voting never produces consistent outcomes
D. Under certain conditions, the outcome of majority voting will reflect the preference of the median voter

Correct Answer: Option D


Explanation:
The median voter theorem states that if preferences are single-peaked, majority rule yields the outcome most preferred by the median voter.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of international trade, the theory of comparative advantage was propounded by:
A. Heckscher and Ohlin
B. David Ricardo
C. Paul Krugman
D. Adam Smith

Correct Answer: Option B


Explanation:
David Ricardo developed the theory of comparative advantage, which states that countries should specialise in producing goods in which they have a lower opportunity cost.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'GST Council' does not deal with:
A. GST returns
B. GST exemptions
C. GST rates
D. income tax rates

Correct Answer: Option D


Explanation:
Income tax rates are not within GST Council's purview.

This question belongs to: Economy GK Economy Set 1