The 'National Sample Survey' collects data on: MCQ with Answer and Explanation

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The 'National Sample Survey' collects data on:

A. only government expenditure

B. only foreign trade

C. only prices

D. household consumption, employment and other socio-economic characteristics

Answer: Option D

Solution (By JKSSB Mock Tests)

NSS collects data on household consumption, employment and socio-economic indicators.

This question belongs to: Economy GK Economy Set 1

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Question #1

Disinvestment in a public sector enterprise is classified in the government budget as:

A. revenue expenditure

B. revenue receipt

C. transfer payment

D. capital receipt

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Correct Answer: Option D

Explanation:
Disinvestment proceeds are capital receipts as they arise from sale of assets.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Know Your Customer' norms are aimed primarily at:

A. preventing money laundering and fraud

B. promoting bank loans

C. increasing bank profits

D. reducing interest rates

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Correct Answer: Option A

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

The 'Finance Commission' is appointed every how many years?

A. 5 years

B. 10 years

C. 3 years

D. 6 years

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Correct Answer: Option A

Explanation:
The Finance Commission is constituted every five years under Article 280.

This question belongs to: Economy GK Economy Set 1

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