The 'Pradhan Mantri Kaushal Vikas Yojana' was launched in: MCQ with Answer and Explanation

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The 'Pradhan Mantri Kaushal Vikas Yojana' was launched in:

A. 2015

B. 2016

C. 2018

D. 2013

Answer: Option A

Solution (By JKSSB Mock Tests)

PMKVY was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The Goods and Services Tax was introduced through which Constitutional Amendment Act?

A. 99th

B. 100th

C. 101st

D. 102nd

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Correct Answer: Option C

Explanation:
GST was introduced through the 101st Constitutional Amendment Act, 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Advance Pricing Agreement' is related to:

A. income from salary

B. transfer pricing

C. indirect taxes

D. customs valuation

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Correct Answer: Option B

Explanation:
Advance Pricing Agreements relate to transfer pricing arrangements.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a feature of the 'Uncovered Interest Parity' condition?

A. Interest rates are always equal

B. Only covered arbitrage matters

C. The interest differential equals the forward premium

D. The interest differential equals the expected change in the exchange rate

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Correct Answer: Option D

Explanation:
Uncovered interest parity states that the interest rate differential between two currencies equals the expected rate of depreciation of the high-interest currency.

This question belongs to: Economy GK Economy Set 1

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