The Negotiable Instruments Act was enacted in which year? MCQ with Answer and Explanation

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The Negotiable Instruments Act was enacted in which year?

A. 1949

B. 1872

C. 1934

D. 1881

Answer: Option D

Solution (By JKSSB Mock Tests)

The Negotiable Instruments Act was enacted in 1881 and governs cheques, bills of exchange and promissory notes.

This question belongs to: Economy GK Economy Set 1

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The 'trade facilitation agreement' of the WTO aims to:

A. increase tariffs

B. simplify and harmonize customs procedures

C. ban exports

D. restrict foreign investment

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Correct Answer: Option B

Explanation:
The Trade Facilitation Agreement aims to simplify customs procedures and ease trade.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Ninth Five Year Plan' period was:

A. 1997-2002

B. 2002-2007

C. 1995-2000

D. 1992-1997

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Correct Answer: Option A

Explanation:
The Ninth Five Year Plan covered 1997-2002.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'industrial licensing' after 1991 was retained for certain industries related to:

A. food processing

B. security, strategic and environmental concerns

C. textiles

D. consumer goods

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Correct Answer: Option B

Explanation:
Licensing was retained for industries related to security, strategic and environmental concerns.

This question belongs to: Economy GK Economy Set 1

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