The 'National Industrial Classification' is used in India for: MCQ with Answer and Explanation

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The 'National Industrial Classification' is used in India for:

A. tax collection

B. population census

C. stock trading

D. classifying economic activities

Answer: Option D

Solution (By JKSSB Mock Tests)

NIC classifies economic activities for statistical purposes.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Economic Survey' is usually authored by:

A. NITI Aayog

B. RBI

C. SEBI

D. Chief Economic Adviser's team in the Ministry of Finance

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Correct Answer: Option D

Explanation:
The Economic Survey is prepared by the Chief Economic Adviser's team.

This question belongs to: Economy GK Economy Set 1

Question #2

Disguised unemployment exists when:

A. there is no work due to recession

B. more workers are employed than necessary and marginal productivity of some workers is nearly zero

C. workers are changing jobs

D. workers lack required skills

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Correct Answer: Option B

Explanation:
Disguised unemployment means excess workers whose marginal productivity is near zero.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Logistic Performance Index' is published by:

A. IMF

B. WTO

C. UNCTAD

D. World Bank

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Correct Answer: Option D

Explanation:
The Logistics Performance Index is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

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