The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in: MCQ with Answer and Explanation

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The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:

A. 2005

B. 2004

C. 2009

D. 2007

Answer: Option A

Solution (By JKSSB Mock Tests)

MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a type of elasticity of demand?

A. Only supply elasticity

B. Price elasticity, income elasticity and cross elasticity

C. Only production elasticity

D. Only cost elasticity

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Correct Answer: Option B

Explanation:
The main types of demand elasticity are price elasticity of demand, income elasticity of demand and cross elasticity of demand.

This question belongs to: Economy GK Economy Set 1

Question #2

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Nifty is a stock market index of the:

A. Bombay Stock Exchange

B. Securities and Exchange Board of India

C. National Stock Exchange

D. Commodity Exchange

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Correct Answer: Option C

Explanation:
Nifty is the benchmark index of the National Stock Exchange (NSE).

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on passenger transport by air-conditioned buses is:

A. 5%

B. 18%

C. 12%

D. 0%

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Correct Answer: Option A

Explanation:
AC bus passenger transport attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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