The 'National Initiative for Developing and Harnessing Innovations' supports: MCQ with Answer and Explanation

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The 'National Initiative for Developing and Harnessing Innovations' supports:

A. innovation and entrepreneurship

B. banking technology

C. defence manufacturing only

D. agricultural research only

Answer: Option A

Solution (By JKSSB Mock Tests)

NIDHI supports innovation and entrepreneurship.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Human capital refers to:

A. financial assets of a country

B. the stock of skills, education and health embodied in workers

C. natural resources

D. physical machinery used in production

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Correct Answer: Option B

Explanation:
Human capital is the stock of skills, education and health embodied in workers that enhances productivity.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' revenue from SGST is credited to:

A. Consolidated Fund of India

B. Contingency Fund

C. Consolidated Fund of the state

D. Public Account

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Correct Answer: Option C

Explanation:
SGST revenue goes to the state's Consolidated Fund.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Reserve Bank of India' is headquartered in:

A. Mumbai

B. Chennai

C. New Delhi

D. Kolkata

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Correct Answer: Option A

Explanation:
The RBI headquarters is in Mumbai.

This question belongs to: Economy GK Economy Set 1

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