The 'NITI Aayog' full form is: MCQ with Answer and Explanation

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The 'NITI Aayog' full form is:

A. National Initiative for Trade and Industry

B. National Integrated Transport Institute

C. National Institution for Transforming India

D. National Institute for Transforming India

Answer: Option C

Solution (By JKSSB Mock Tests)

NITI stands for National Institution for Transforming India.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on inter-state supply is:

A. UTGST

B. IGST

C. CGST

D. SGST

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Correct Answer: Option B

Explanation:
Inter-state supplies attract IGST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The natural rate of unemployment includes:

A. only open unemployment

B. frictional and structural unemployment

C. cyclical and seasonal unemployment

D. only disguised unemployment

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Correct Answer: Option B

Explanation:
The natural rate of unemployment consists of frictional and structural unemployment.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'net investment' is equal to gross investment minus:

A. consumption

B. taxes

C. savings

D. depreciation

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Correct Answer: Option D

Explanation:
Net investment = gross investment - depreciation.

This question belongs to: Economy GK Economy Set 1

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