The 'MSME Development Act' was enacted in which year? MCQ with Answer and Explanation

Question

Share Report Error

The 'MSME Development Act' was enacted in which year?

A. 2000

B. 2015

C. 2006

D. 2010

Answer: Option C

Solution (By JKSSB Mock Tests)

The MSME Development Act was enacted in 2006.

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

Share Report

The 'Goods and Services Tax' on actionable claims such as lottery, betting and gambling is:

A. 5%

B. 28%

C. 12%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Actionable claims like lottery, betting and gambling attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'GST Council' decisions are made by how much majority?

A. simple majority

B. two-thirds majority

C. three-fourths majority

D. unanimous consent

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
GST Council decisions require three-fourths majority.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The concept of 'Subjective Well-Being' in economics refers to:

A. Only environmental quality

B. Only objective measures of income

C. Only physical health indicators

D. Individuals’ own evaluations of their lives, typically measured by surveys of happiness or life satisfaction

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Subjective well-being encompasses self-reported measures of happiness, life satisfaction and emotional states, which have become an important complement to traditional objective indicators of welfare.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs