The 'National Single Window System' in India is intended to: MCQ with Answer and Explanation

Question

Share Report Error

The 'National Single Window System' in India is intended to:

A. collect taxes

B. regulate banks

C. facilitate imports only

D. provide a single digital portal for business approvals

Answer: Option D

Solution (By JKSSB Mock Tests)

The National Single Window System provides a single portal for business approvals and clearances.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Special Drawing Rights are:

A. an international reserve asset created by the IMF

B. loans given by WTO

C. currency of the World Bank

D. a type of bond issued by ADB

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
SDRs are an international reserve asset created by the IMF.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of inflation, 'Built-in Inflation' refers to:

A. Inflation resulting from the wage-price spiral

B. Inflation caused by excess demand

C. One-time increase in prices

D. Inflation due to supply shocks only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Built-in inflation arises from adaptive expectations and the wage-price spiral, where past inflation influences current wage and price setting.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of money, 'Near Money' refers to:

A. Currency notes and coins

B. Gold and silver only

C. Highly liquid assets that can be quickly converted into money

D. Demand deposits only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Near money refers to highly liquid assets such as time deposits, treasury bills and savings bonds that can be easily converted into cash with little loss of value.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs