The 'National Commission for Minorities' is a: MCQ with Answer and Explanation

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The 'National Commission for Minorities' is a:

A. executive body

B. judicial body

C. statutory body

D. constitutional body

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Commission for Minorities is a statutory body.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'J-Curve Effect' in international economics refers to:

A. Initial worsening of trade balance after depreciation followed by improvement

B. Continuous deterioration of trade balance

C. Immediate improvement in trade balance after depreciation

D. No effect of exchange rate on trade balance

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Correct Answer: Option A

Explanation:
The J-curve effect describes the pattern where a currency depreciation first worsens the trade balance (due to existing contracts) before improving it as quantities adjust.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on services provided by PFRDA is:

A. 5%

B. 0%

C. exempt

D. 18%

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Correct Answer: Option C

Explanation:
PFRDA services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'FDI' in insurance sector is allowed up to what percentage?

A. 26%

B. 100%

C. 74%

D. 49%

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Correct Answer: Option C

Explanation:
FDI in insurance is allowed up to 74%.

This question belongs to: Economy GK Economy Set 1

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