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

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The 'National Commission for Women' is a:

A. judicial body

B. constitutional body

C. statutory body

D. private body

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Commission for Women is a statutory body established in 1992.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Pink Revolution' in India is associated with:

A. milk

B. shrimp production

C. onion and pharmaceutical production

D. wheat

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Correct Answer: Option C

Explanation:
Pink Revolution is associated with onion and pharmaceutical production.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of economic theory, the 'Law of Demand' may not hold in the case of:

A. Necessary goods only

B. All inferior goods

C. Giffen goods and Veblen goods

D. Normal goods

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Correct Answer: Option C

Explanation:
The law of demand does not hold for Giffen goods (where income effect outweighs substitution effect) and Veblen goods (where higher price increases demand due to prestige value).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on cab services is:

A. 28%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option C

Explanation:
Cab services attract 12% GST with input tax credit, or 5% without ITC under certain conditions.

This question belongs to: Economy GK Economy Set 1

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