The 'National Apprenticeship Promotion Scheme' aims to: MCQ with Answer and Explanation

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The 'National Apprenticeship Promotion Scheme' aims to:

A. promote imports

B. provide unemployment benefits

C. promote formal education only

D. increase apprenticeships in industries

Answer: Option D

Solution (By JKSSB Mock Tests)

NAPS promotes apprenticeship training in industries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Gadgil formula was used for:

A. sharing of income tax

B. determining agricultural prices

C. allocation of bank credit

D. distribution of central plan assistance among states

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Correct Answer: Option D

Explanation:
The Gadgil formula was used to allocate central plan assistance among states.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on periodicals and journals is:

A. 0%

B. 12%

C. 18%

D. 5%

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Correct Answer: Option A

Explanation:
Periodicals and journals are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' does not apply to:

A. imports

B. interstate supplies

C. goods and services

D. alcoholic liquor for human consumption

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Correct Answer: Option D

Explanation:
Alcoholic liquor for human consumption is outside GST.

This question belongs to: Economy GK Economy Set 1

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