The National Development Council in India is headed by: MCQ with Answer and Explanation

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The National Development Council in India is headed by:

A. Home Minister

B. President

C. Prime Minister

D. Finance Minister

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Development Council is headed by the Prime Minister.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a characteristic of a developed financial market?

A. Low liquidity

B. Wide range of financial instruments

C. High transaction costs

D. Limited participation of institutions

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Correct Answer: Option B

Explanation:
Developed financial markets offer a wide range of instruments, high liquidity, low transaction costs and broad institutional participation.

This question belongs to: Economy GK Economy Set 1

Question #2

If demand for a good is perfectly inelastic, a tax on the good will be borne:

A. entirely by buyers

B. by the government

C. equally by buyers and sellers

D. entirely by sellers

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Correct Answer: Option A

Explanation:
With perfectly inelastic demand, buyers bear the entire tax burden because quantity demanded does not change.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Bamboo Mission' is related to:

A. fisheries development

B. promoting bamboo cultivation and industry

C. silk production

D. wildlife conservation

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Correct Answer: Option B

Explanation:
National Bamboo Mission promotes bamboo cultivation, processing and marketing.

This question belongs to: Economy GK Economy Set 1

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