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. constitutional body

D. statutory body

Answer: Option D

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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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on tour operator services is:

A. 12%

B. 5% without ITC

C. 18%

D. 5%

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Correct Answer: Option B

Explanation:
Tour operator services attract 5% GST without input tax credit.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the production possibility frontier?

A. It is concave to the origin under increasing opportunity costs

B. It is always a straight line

C. Points inside the frontier are unattainable

D. It shifts inward with technological progress

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Correct Answer: Option A

Explanation:
The PPF is typically concave to the origin, reflecting increasing opportunity costs as more of one good is produced by reallocating resources from the other good.

This question belongs to: Economy GK Economy Set 1

Question #3

Globalization in the Indian economic context means:

A. increasing integration with the world economy

B. self-reliant village economy

C. closing the economy to foreign trade

D. nationalization of foreign companies

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Correct Answer: Option A

Explanation:
Globalization means increasing integration of the Indian economy with the world economy.

This question belongs to: Economy GK Economy Set 1

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