The 'National Income' in India is now compiled by: MCQ with Answer and Explanation

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The 'National Income' in India is now compiled by:

A. RBI

B. National Statistical Office

C. Ministry of Finance

D. NITI Aayog

Answer: Option B

Solution (By JKSSB Mock Tests)

National income is compiled by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Employees' State Insurance Corporation' provides medical benefit to insured workers from:

A. after retirement

B. first day of employment

C. after one year

D. day one of insurable employment for certain benefits

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Correct Answer: Option D

Explanation:
ESIC medical benefit is available from day one of insurable employment.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is NOT a type of market based on the degree of competition?

A. Barter market as a competition classification

B. Monopoly

C. Perfect competition

D. Oligopoly

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Correct Answer: Option A

Explanation:
Barter refers to exchange without money. Market structures based on competition are perfect competition, monopolistic competition, oligopoly and monopoly.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Development Council' was constituted in which year?

A. 1950

B. 1952

C. 1969

D. 1956

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Correct Answer: Option B

Explanation:
The National Development Council was constituted in 1952.

This question belongs to: Economy GK Economy Set 1

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