The 'National Commission for Backward Classes' is constituted under which article? MCQ with Answer and Explanation

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The 'National Commission for Backward Classes' is constituted under which article?

A. Article 340

B. Article 342

C. Article 338B

D. Article 338

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Commission for Backward Classes is constituted under Article 338B.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a major challenge in the measurement of national income in developing countries?

A. Uniform accounting practices across all countries

B. Absence of the informal sector

C. Complete availability of data for all sectors

D. Presence of a large non-monetised sector

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Correct Answer: Option D

Explanation:
Developing countries face difficulties in measuring national income due to a large non-monetised (barter) sector, informal activities, lack of reliable data and underreporting.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Savings Certificate' is issued by:

A. Post Office

B. SEBI

C. Commercial banks

D. RBI

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Correct Answer: Option A

Explanation:
National Savings Certificate is issued by the Post Office.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on print media advertising is:

A. 0%

B. 5%

C. 18%

D. 12%

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Correct Answer: Option B

Explanation:
Advertising in print media attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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