The 'National Manufacturing Policy' aims to create National Investment and Manufacturing Zones that are basically: MCQ with Answer and Explanation

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The 'National Manufacturing Policy' aims to create National Investment and Manufacturing Zones that are basically:

A. residential colonies

B. special economic zones only

C. industrial parks with world-class infrastructure

D. agricultural zones

Answer: Option C

Solution (By JKSSB Mock Tests)

NIMZs are integrated industrial parks with advanced infrastructure.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Securities and Exchange Board of India' is a:

A. statutory body

B. constitutional body

C. government department

D. private company

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Correct Answer: Option A

Explanation:
SEBI is a statutory body established under the SEBI Act, 1992.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Primary Deficit' indicates:

A. Fiscal deficit including interest payments

B. Budgetary deficit only

C. Revenue deficit excluding interest payments

D. Fiscal deficit excluding interest payments

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Correct Answer: Option D

Explanation:
Primary deficit = Fiscal deficit − Interest payments. It shows the borrowing requirement of the government excluding the interest burden of past debt.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a classification of taxes based on their impact on income distribution?

A. Only central and state

B. Only direct and indirect

C. Only ad valorem and specific

D. Progressive, proportional and regressive

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Correct Answer: Option D

Explanation:
Taxes are classified as progressive (rate rises with income), proportional (constant rate) or regressive (rate falls with income) according to their effect on income distribution.

This question belongs to: Economy GK Economy Set 1

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