The 'National Consumer Price Index' in India uses which base year? MCQ with Answer and Explanation

Question

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The 'National Consumer Price Index' in India uses which base year?

A. 2016

B. 2010

C. 2012

D. 2019

Answer: Option C

Solution (By JKSSB Mock Tests)

CPI-Combined uses base year 2012.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In 1969, the Government of India nationalized how many major commercial banks?

A. 6

B. 20

C. 10

D. 14

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Correct Answer: Option D

Explanation:
In 1969, 14 major commercial banks were nationalized.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' has a threshold exemption for small businesses to reduce:

A. exports

B. compliance burden

C. revenue

D. imports

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Correct Answer: Option B

Explanation:
Threshold exemption reduces compliance burden for small businesses.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on wind turbines is:

A. 5%

B. 18%

C. 28%

D. 12%

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Correct Answer: Option A

Explanation:
Wind turbines attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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