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

The 'National Manufacturing Policy' aims to create National Investment and Manufacturing Zones that are basically:
A. industrial parks with world-class infrastructure
B. special economic zones only
C. agricultural zones
D. residential colonies
Answer: Option A
Solution (By JKSSB Mock Tests)
NIMZs are integrated industrial parks with advanced infrastructure.

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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on security services is:
A. 12%
B. 28%
C. 5%
D. 18%

Correct Answer: Option D


Explanation:
Security services attract 18% GST.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Know Your Customer' norms are aimed primarily at:
A. promoting bank loans
B. increasing bank profits
C. preventing money laundering and fraud
D. reducing interest rates

Correct Answer: Option C


Explanation:
KYC norms help banks verify customer identity to prevent money laundering and fraud.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of competition policy for digital markets, 'Killer Acquisitions' refer to:
A. Only horizontal mergers among equals
B. Acquisitions that always increase innovation
C. Acquisitions of innovative start-ups by dominant incumbents with the aim of discontinuing the target’s innovation to protect the incumbent’s market position
D. Only conglomerate mergers without any competitive effect

Correct Answer: Option C


Explanation:
Killer acquisitions occur when a dominant firm acquires a potential competitor primarily to eliminate the competitive threat posed by the target’s product or technology rather than to develop it.

This question belongs to: Economy GK Economy Set 1