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

The 'rational expectations' hypothesis assumes people:

A. have no expectations

B. use all available information to form expectations

C. only use past values

D. ignore information

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Correct Answer: Option B

Explanation:
Rational expectations assumes agents use all available information efficiently.

This question belongs to: Economy GK Economy Set 1

Question #2

A quota is a:

A. quantitative restriction on imports or exports

B. price support for imports

C. type of exchange rate

D. tax on exports

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Correct Answer: Option A

Explanation:
A quota is a quantitative restriction on imports or exports.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on export of services is:

A. 18%

B. 28%

C. 5%

D. zero-rated

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Correct Answer: Option D

Explanation:
Export of services is zero-rated under GST.

This question belongs to: Economy GK Economy Set 1

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