The 'Merchandise Exports from India Scheme' was replaced by which scheme from 2021? MCQ with Answer and Explanation

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The 'Merchandise Exports from India Scheme' was replaced by which scheme from 2021?

A. MEIS

B. RoDTEP

C. EPCG

D. SEIS

Answer: Option B

Solution (By JKSSB Mock Tests)

MEIS was replaced by the Remission of Duties and Taxes on Exported Products scheme.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Employees' Provident Funds and Miscellaneous Provisions Act' was enacted in which year?

A. 1956

B. 1961

C. 1948

D. 1952

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Correct Answer: Option D

Explanation:
EPF Act was enacted in 1952.

This question belongs to: Economy GK Economy Set 1

Question #2

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The Laffer curve shows the relationship between:

A. interest rate and investment

B. income and consumption

C. inflation and unemployment

D. tax rate and tax revenue

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Correct Answer: Option D

Explanation:
The Laffer curve shows the relationship between tax rates and total tax revenue.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Stock Exchange' was established in:

A. 2000

B. 1995

C. 1875

D. 1992

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Correct Answer: Option D

Explanation:
NSE was established in 1992.

This question belongs to: Economy GK Economy Set 1

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