The 'National Skill Development Corporation' was set up as a: MCQ with Answer and Explanation

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The 'National Skill Development Corporation' was set up as a:

A. public-private partnership

B. state-owned company only

C. regulatory body

D. government department

Answer: Option A

Solution (By JKSSB Mock Tests)

NSDC is a public-private partnership for skill development.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Financial Literacy' in India is promoted by RBI through:

A. tax collection

B. stock exchanges

C. import duties

D. financial education initiatives and awareness campaigns

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Correct Answer: Option D

Explanation:
RBI promotes financial literacy through various campaigns and initiatives.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Customs duty' is levied on:

A. domestic production

B. income of citizens

C. services only

D. imports and exports of goods

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Correct Answer: Option D

Explanation:
Customs duty is levied on imports and, in some cases, exports of goods.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'General Agreement on Tariffs and Trade' was replaced by the WTO in which year?

A. 1995

B. 2001

C. 1998

D. 1993

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Correct Answer: Option A

Explanation:
The WTO replaced GATT in 1995.

This question belongs to: Economy GK Economy Set 1

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