The 'National Skill Development Mission' is implemented by: MCQ with Answer and Explanation

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The 'National Skill Development Mission' is implemented by:

A. Ministry of Finance

B. NITI Aayog

C. Ministry of Skill Development and Entrepreneurship

D. Ministry of Labour

Answer: Option C

Solution (By JKSSB Mock Tests)

National Skill Development Mission is implemented by the Ministry of Skill Development and Entrepreneurship.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Break-even Analysis' is used to determine:

A. The level of output at which marginal cost is minimum

B. The level of output at which profit is maximised

C. The level of output at which total revenue equals total cost

D. The level of output at which average cost is maximum

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Correct Answer: Option C

Explanation:
Break-even analysis identifies the output level at which total revenue equals total cost, so that the firm makes neither profit nor loss.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax Network' is a:

A. regulatory authority

B. ministry under government

C. non-government IT company providing GST portal

D. tax collection department

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Correct Answer: Option C

Explanation:
GSTN is a non-government, private limited company that provides the IT infrastructure for GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The term inclusive growth refers to economic growth that:

A. ignores employment

B. benefits all sections of society and reduces inequality

C. focuses only on manufacturing

D. benefits only the rich

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Correct Answer: Option B

Explanation:
Inclusive growth ensures that the benefits of growth are widely shared and inequality is reduced.

This question belongs to: Economy GK Economy Set 1

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