The 'liberalization' in 1991 reduced the number of industries reserved for the public sector to how many initially? MCQ with Answer and Explanation

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The 'liberalization' in 1991 reduced the number of industries reserved for the public sector to how many initially?

A. 18

B. 6

C. 8

D. 25

Answer: Option C

Solution (By JKSSB Mock Tests)

The 1991 policy reduced the reserved industries for public sector to 8, later further reduced.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on property management services is:

A. 12%

B. 5%

C. 18%

D. 28%

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Correct Answer: Option C

Explanation:
Property management services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Antyodaya Anna Yojana' was launched in:

A. 1995

B. 2000

C. 2010

D. 2005

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Correct Answer: Option B

Explanation:
Antyodaya Anna Yojana was launched in December 2000.

This question belongs to: Economy GK Economy Set 1

Question #3

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The free-rider problem is associated with:

A. common resources

B. private goods

C. public goods

D. club goods

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Correct Answer: Option C

Explanation:
Public goods are non-excludable, so individuals can benefit without paying, creating the free-rider problem.

This question belongs to: Economy GK Economy Set 1

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