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 prices

C. only foreign trade

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

The 'circular flow of income' in a two-sector economy includes:

A. only households

B. only firms

C. households and firms

D. government and foreign sector

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Correct Answer: Option C

Explanation:
A two-sector economy includes households and firms.

This question belongs to: Economy GK Economy Set 1

Question #2

The Goods and Services Tax was introduced through which Constitutional Amendment Act?

A. 102nd

B. 100th

C. 101st

D. 99th

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Correct Answer: Option C

Explanation:
GST was introduced through the 101st Constitutional Amendment Act, 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

The Goods and Services Tax Council is chaired by:

A. Union Finance Minister

B. Prime Minister

C. Chief Economic Adviser

D. RBI Governor

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Correct Answer: Option A

Explanation:
The GST Council is chaired by the Union Finance Minister.

This question belongs to: Economy GK Economy Set 1

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