The 'International Financial Services Centres Authority' was established in India in which year? MCQ with Answer and Explanation

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The 'International Financial Services Centres Authority' was established in India in which year?

A. 2015

B. 2020

C. 2021

D. 2019

Answer: Option B

Solution (By JKSSB Mock Tests)

IFSCA was established in 2020.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Biological Diversity Act' was enacted in which year?

A. 2006

B. 2002

C. 2000

D. 2010

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Correct Answer: Option B

Explanation:
The Biological Diversity Act was enacted in 2002.

This question belongs to: Economy GK Economy Set 1

Question #2

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Stagflation refers to a situation of:

A. high inflation and high unemployment

B. low inflation and high growth

C. high inflation and high growth

D. deflation and high growth

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Correct Answer: Option A

Explanation:
Stagflation is a combination of stagnation (high unemployment) and inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Customs duty' is levied on:

A. services only

B. income of citizens

C. imports and exports of goods

D. domestic production

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Correct Answer: Option C

Explanation:
Customs duty is levied on imports and, in some cases, exports of goods.

This question belongs to: Economy GK Economy Set 1

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