The 'National Manufacturing Policy' was released in which year? MCQ with Answer and Explanation

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The 'National Manufacturing Policy' was released in which year?

A. 2005

B. 2011

C. 2014

D. 2017

Answer: Option B

Solution (By JKSSB Mock Tests)

The National Manufacturing Policy was released in 2011.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'European Union' currently has how many member countries after Brexit?

A. 25

B. 28

C. 27

D. 30

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Correct Answer: Option C

Explanation:
After Brexit, the EU has 27 member states.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'good and services tax' regime in India is a 'one nation one tax' system.

A. True

B. Only for goods

C. False

D. Only for services

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Correct Answer: Option A

Explanation:
GST is a unified indirect tax system for goods and services across India.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a cause of cost-push inflation?

A. Increase in government spending

B. Increase in money supply

C. Increase in aggregate demand

D. Increase in wages and raw material costs

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Correct Answer: Option D

Explanation:
Cost-push inflation arises when the cost of production increases due to higher wages, raw material prices or other input costs, leading to higher prices.

This question belongs to: Economy GK Economy Set 1

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