The 'Money Bill' under Article 110 includes matters related to: MCQ with Answer and Explanation

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The 'Money Bill' under Article 110 includes matters related to:

A. police

B. foreign affairs

C. defence

D. taxation, borrowing, expenditure from Consolidated Fund

Answer: Option D

Solution (By JKSSB Mock Tests)

Money Bill deals with taxes, borrowing, custody of Consolidated Fund, etc.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Aadhaar Payment Bridge System' enables:

A. insurance claims

B. foreign exchange trading

C. stock trading

D. direct benefit transfers using Aadhaar number

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Correct Answer: Option D

Explanation:
APBS enables direct benefit transfers using Aadhaar number.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on unbranded cereals is:

A. 18%

B. 5%

C. 0%

D. 12%

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Correct Answer: Option C

Explanation:
Unbranded cereals are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of production theory, an isoquant represents:

A. Combinations of two inputs that produce the same level of output

B. Combinations of income and consumption

C. Combinations of prices that maximise profit

D. Combinations of two goods that give the same utility

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Correct Answer: Option A

Explanation:
An isoquant is a locus of points showing different combinations of two inputs that yield the same quantity of output.

This question belongs to: Economy GK Economy Set 1

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