The 'Marine Products Export Development Authority' promotes exports of: MCQ with Answer and Explanation

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The 'Marine Products Export Development Authority' promotes exports of:

A. fish and marine products

B. spices

C. coffee

D. tea

Answer: Option A

Solution (By JKSSB Mock Tests)

MPEDA promotes exports of fish and marine products.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A 'merit good' is a good that:

A. is consumed voluntarily

B. the government encourages or provides because it has positive externalities and is under-consumed

C. has negative externalities

D. is only for the rich

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Correct Answer: Option B

Explanation:
Merit goods are under-consumed if left to the market, so government encourages their provision.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'World Trade Organization' is headquartered in:

A. Paris

B. Geneva

C. Washington D.C.

D. New York

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Correct Answer: Option B

Explanation:
The World Trade Organization is headquartered in Geneva, Switzerland.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on ice cream is:

A. 12%

B. 18%

C. 28%

D. 5%

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Correct Answer: Option B

Explanation:
Ice cream attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

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