The 'Make in India' initiative targets increasing the share of manufacturing in GDP to what percentage? MCQ with Answer and Explanation

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The 'Make in India' initiative targets increasing the share of manufacturing in GDP to what percentage?

A. 15%

B. 25%

C. 40%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

Make in India aims to raise manufacturing's share of GDP to 25%.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' is collected by:

A. local bodies

B. only state governments

C. only central government

D. both central and state governments

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Correct Answer: Option D

Explanation:
GST is collected by both central and state governments depending on the component.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Consolidated Fund of India' includes:

A. only tax revenues

B. all government revenues, borrowings and loans received

C. only borrowing

D. only foreign aid

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Correct Answer: Option B

Explanation:
The Consolidated Fund of India includes all government revenues, borrowings and receipts.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a feature of the Keynesian theory?

A. Emphasis on effective demand

B. Importance of government intervention

C. Possibility of underemployment equilibrium

D. Wage-price flexibility ensuring full employment

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Correct Answer: Option D

Explanation:
Keynes rejected the classical assumption of wage-price flexibility leading to automatic full employment. He argued that underemployment equilibrium is possible.

This question belongs to: Economy GK Economy Set 1

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