The 'National Human Rights Commission' is a: MCQ with Answer and Explanation

The 'National Human Rights Commission' is a:
A. private body
B. judicial body
C. constitutional body
D. statutory body
Answer: Option D
Solution (By JKSSB Mock Tests)
NHRC is a statutory body under the Protection of Human Rights Act, 1993.

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Practice More Economy Set 1 Questions

Question #1
The corporate tax rate for existing domestic companies that opted for concessional regime under Taxation Laws Amendment Act 2019 is:
A. 22%
B. 25%
C. 15%
D. 30%

Correct Answer: Option A


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 #2
The concept of 'Liquidity Preference' theory of interest was given by:
A. Classical economists
B. John Maynard Keynes
C. Knut Wicksell
D. Irving Fisher

Correct Answer: Option B


Explanation:
Keynes proposed the liquidity preference theory, which states that the rate of interest is determined by the demand for and supply of money, where demand arises from transactions, precautionary and speculative motives.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a measure to control inflation?
A. Increase in government expenditure
B. Open market sale of securities
C. Increase in bank rate
D. Increase in CRR

Correct Answer: Option A


Explanation:
Increase in government expenditure would increase aggregate demand and potentially worsen inflation. The other measures reduce money supply or credit and help control inflation.

This question belongs to: Economy GK Economy Set 1