The 'Pension Fund Regulatory and Development Authority' is a: MCQ with Answer and Explanation

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The 'Pension Fund Regulatory and Development Authority' is a:

A. constitutional body

B. government department

C. private company

D. statutory body

Answer: Option D

Solution (By JKSSB Mock Tests)

PFRDA is a statutory body established under the PFRDA Act, 2013.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on construction of other residential property is:

A. 5% without ITC

B. 18%

C. 1%

D. 12%

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Correct Answer: Option A

Explanation:
Non-affordable residential construction attracts 5% GST without ITC.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Finance Committee' of Parliament is:

A. a constitutional body

B. an ad hoc committee

C. a statutory body

D. a standing committee

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Correct Answer: Option D

Explanation:
The Finance Committee is a parliamentary standing committee.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Monetary Policy Committee' meets at least how many times in a financial year?

A. 6

B. 12

C. 4

D. 2

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Correct Answer: Option C

Explanation:
The MPC meets at least four times a year.

This question belongs to: Economy GK Economy Set 1

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