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

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

A. regulate banks

B. provide a single digital portal for business approvals

C. facilitate imports only

D. collect taxes

Answer: Option B

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

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Question #1

The 'Goods and Services Tax' rate on electricity is:

A. 0%

B. 18%

C. not under GST

D. 5%

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Correct Answer: Option C

Explanation:
Electricity is outside GST and subject to state electricity duties.

This question belongs to: Economy GK Economy Set 1

Question #2

The Lead Bank Scheme was introduced in 1969 based on the recommendations of:

A. Rangarajan Committee

B. Narasimham Committee

C. Gadgil Study Group

D. Kelkar Committee

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Correct Answer: Option C

Explanation:
The Lead Bank Scheme was introduced on the recommendation of the Gadgil Study Group.

This question belongs to: Economy GK Economy Set 1

Question #3

The slope of an isocost line is equal to:

A. negative price of labour divided by price of capital

B. total cost divided by output

C. price of labour divided by price of capital

D. price of capital divided by price of labour

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Correct Answer: Option A

Explanation:
The isocost line slope is the negative ratio of input prices, typically -w/r, where w is labour price and r is capital price.

This question belongs to: Economy GK Economy Set 1

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