The 'National Smart Grid Mission' aims to: MCQ with Answer and Explanation

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The 'National Smart Grid Mission' aims to:

A. modernize the power grid

B. promote tourism

C. provide housing

D. build roads

Answer: Option A

Solution (By JKSSB Mock Tests)

The National Smart Grid Mission aims to modernize the electricity grid.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a feature of the Indian tax system?

A. Only direct taxes

B. No progressive taxation

C. Only indirect taxes

D. Both direct and indirect taxes

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Correct Answer: Option D

Explanation:
The Indian tax system consists of both direct taxes (income tax, corporation tax) and indirect taxes (GST, customs duty), with progressive elements in direct taxes.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Inter-American Development Bank' is headquartered in:

A. Brasilia

B. Mexico City

C. Washington D.C.

D. New York

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Correct Answer: Option C

Explanation:
The Inter-American Development Bank is headquartered in Washington D.C.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on travel agency services is:

A. 12%

B. 18%

C. 28%

D. 5%

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Correct Answer: Option B

Explanation:
Travel agency services attract 18% GST, unless they opt for the 5% without ITC tour operator scheme.

This question belongs to: Economy GK Economy Set 1

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