The 'labour force participation rate' in India is higher in which age group? MCQ with Answer and Explanation

Question

Share Report Error

The 'labour force participation rate' in India is higher in which age group?

A. 30-59

B. 0-14

C. 60+

D. 15-29

Answer: Option A

Solution (By JKSSB Mock Tests)

Labour force participation is generally higher in the 30-59 age group.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Which of the following is a feature of the Indian tax system after the introduction of GST?

A. Only origin-based taxation

B. Complete elimination of all state-level taxes without dual structure

C. A unified destination-based tax on goods and services with input tax credit mechanism

D. Persistence of multiple cascading taxes

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
GST replaced a large number of cascading central and state taxes with a unified destination-based tax that permits seamless input tax credit.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'financial trilemma' states that a country cannot simultaneously have:

A. high growth, low inflation and low unemployment

B. free capital mobility, fixed exchange rates and independent monetary policy

C. free trade, high tariffs and high exports

D. low taxes, high spending and low deficit

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The trilemma says a country can achieve only two of three: free capital mobility, fixed exchange rate and independent monetary policy.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on services provided by SEBI is:

A. 0%

B. exempt

C. 5%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
SEBI services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs