The 'Mega Food Park' scheme aims to: MCQ with Answer and Explanation

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The 'Mega Food Park' scheme aims to:

A. promote raw exports only

B. reduce food production

C. create modern food processing infrastructure

D. increase food imports

Answer: Option C

Solution (By JKSSB Mock Tests)

Mega Food Parks provide modern food processing infrastructure and supply chain facilities.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a characteristic of a developed money market?

A. Absence of short-term instruments

B. High transaction costs and low participation

C. Presence of a wide range of instruments and high liquidity

D. Only long-term government securities

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Correct Answer: Option C

Explanation:
A developed money market features a variety of short-term instruments, high liquidity, low transaction costs and active participation by financial institutions.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on electricity is:

A. 5%

B. not under GST

C. 18%

D. 0%

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Correct Answer: Option B

Explanation:
Electricity is outside GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' structure in India has how many main tax slabs?

A. 5

B. 7

C. 10

D. 3

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Correct Answer: Option A

Explanation:
GST has five main slabs: 0%, 5%, 12%, 18% and 28%.

This question belongs to: Economy GK Economy Set 1

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