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

Question

Share Report Error

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

A. defence

B. police

C. taxation, borrowing, expenditure from Consolidated Fund

D. foreign affairs

Answer: Option C

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on property management services is:

A. 12%

B. 5%

C. 18%

D. 28%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Property management services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Non-Performing Asset' (NPA) in banking refers to:

A. Government securities held by banks

B. A loan on which interest or principal is overdue for a specified period

C. An asset that generates income regularly

D. Cash reserves of the bank

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
An NPA is a loan or advance where interest or principal remains overdue for a period of more than 90 days (as per RBI norms for term loans).

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a component of the capital market?

A. Insurance companies

B. Stock exchanges

C. Call money market

D. Mutual funds

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Call money market is a part of the money market (short-term). Capital market deals with long-term funds and includes stock exchanges, mutual funds and insurance companies.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs