The 'National Education Policy 2020' aims to increase public investment in education to what percentage of GDP? MCQ with Answer and Explanation

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The 'National Education Policy 2020' aims to increase public investment in education to what percentage of GDP?

A. 10%

B. 6%

C. 8%

D. 3%

Answer: Option B

Solution (By JKSSB Mock Tests)

NEP 2020 aims to increase public investment in education to 6% of GDP.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Mission on Education through Information and Communication Technology' was launched to enhance:

A. banking technology

B. defence technology

C. agricultural technology

D. education through ICT

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Correct Answer: Option D

Explanation:
NMEICT aims to enhance education through ICT.

This question belongs to: Economy GK Economy Set 1

Question #2

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The corporate tax rate for existing domestic companies that opted for concessional regime under Taxation Laws Amendment Act 2019 is:

A. 25%

B. 15%

C. 22%

D. 30%

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Correct Answer: Option C

Explanation:
The concessional corporate tax rate for existing domestic companies is 22% plus surcharge and cess.

This question belongs to: Economy GK Economy Set 1

Question #3

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In India, the exchange rate of the rupee is best described as:

A. pegged to the dollar

B. managed floating

C. fixed by the government

D. fully floating with no RBI intervention

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Correct Answer: Option B

Explanation:
India follows a managed floating exchange rate system with occasional RBI intervention.

This question belongs to: Economy GK Economy Set 1

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