The 'National Pension System' is open to citizens in the age group of: MCQ with Answer and Explanation

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The 'National Pension System' is open to citizens in the age group of:

A. 21-65 years

B. 18-70 years

C. 18-50 years

D. 18-60 years

Answer: Option B

Solution (By JKSSB Mock Tests)

NPS is open to citizens aged 18 to 70.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Sensex' comprises how many actively traded stocks of BSE?

A. 30

B. 200

C. 50

D. 100

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Correct Answer: Option A

Explanation:
Sensex is based on 30 actively traded stocks of BSE.

This question belongs to: Economy GK Economy Set 1

Question #2

Labour productivity is measured as:

A. capital divided by labour

B. output per unit of labour input

C. wages divided by profit

D. total population divided by labour force

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Correct Answer: Option B

Explanation:
Labour productivity is output per unit of labour input.

This question belongs to: Economy GK Economy Set 1

Question #3

An expansionary fiscal policy consists of:

A. reducing taxes or increasing government expenditure

B. reducing money supply

C. increasing taxes and reducing government expenditure

D. raising the repo rate

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Correct Answer: Option A

Explanation:
Expansionary fiscal policy increases aggregate demand through lower taxes or higher government expenditure.

This question belongs to: Economy GK Economy Set 1

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