The 'National Agricultural Cooperative Marketing Federation of India' is known as: MCQ with Answer and Explanation

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The 'National Agricultural Cooperative Marketing Federation of India' is known as:

A. CACP

B. NAFED

C. NABARD

D. FCI

Answer: Option B

Solution (By JKSSB Mock Tests)

NAFED is the National Agricultural Cooperative Marketing Federation of India.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on Jan Dhan accounts is:

A. 18%

B. 0%

C. 5%

D. exempt

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Correct Answer: Option D

Explanation:
Basic savings bank deposit accounts under PMJDY are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

A mutual fund pools money from investors to invest in:

A. a diversified portfolio of securities

B. only real estate

C. only government bonds

D. only fixed deposits

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Correct Answer: Option A

Explanation:
A mutual fund invests pooled investor funds in a diversified portfolio of securities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on spices is:

A. 0%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option D

Explanation:
Spices generally attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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