The 'International Monetary Fund' in India provides advice on: MCQ with Answer and Explanation

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The 'International Monetary Fund' in India provides advice on:

A. defence strategy

B. macroeconomic policy and balance of payments

C. criminal justice

D. elections

Answer: Option B

Solution (By JKSSB Mock Tests)

IMF advises on macroeconomic policy and balance of payments.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a characteristic of a monopoly?

A. Free entry and exit

B. Large number of sellers

C. Homogeneous product with many sellers

D. Single seller and no close substitutes

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Correct Answer: Option D

Explanation:
Monopoly is characterised by a single seller of a product that has no close substitutes, with barriers to entry.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Ayushman Bharat Yojana' has two components: Health and Wellness Centres and:

A. Pradhan Mantri Jan Arogya Yojana

B. Pradhan Mantri Mudra Yojana

C. Pradhan Mantri Awas Yojana

D. Pradhan Mantri Ujjwala Yojana

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Correct Answer: Option A

Explanation:
Ayushman Bharat includes Health and Wellness Centres and PM-JAY.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on actionable claims such as lottery, betting and gambling is:

A. 5%

B. 28%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Actionable claims like lottery, betting and gambling attract 28% GST.

This question belongs to: Economy GK Economy Set 1

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