The 'Primary deficit' is a useful measure because it shows: MCQ with Answer and Explanation

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The 'Primary deficit' is a useful measure because it shows:

A. only revenue deficit

B. only capital deficit

C. the deficit excluding interest payments

D. the entire fiscal deficit

Answer: Option C

Solution (By JKSSB Mock Tests)

Primary deficit excludes interest payments from fiscal deficit.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on veterinary services is:

A. 0%

B. exempt

C. 5%

D. 18%

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Correct Answer: Option B

Explanation:
Veterinary services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Government e-Marketplace' is primarily a platform for:

A. stock trading

B. retail e-commerce

C. public procurement of goods and services

D. foreign exchange trading

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Correct Answer: Option C

Explanation:
GeM is an online platform for government procurement of goods and services.

This question belongs to: Economy GK Economy Set 1

Question #3

The Labour Force Participation Rate is calculated as:

A. labour force divided by working-age population multiplied by 100

B. total population divided by employed

C. unemployed divided by labour force multiplied by 100

D. employed divided by unemployed

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Correct Answer: Option A

Explanation:
LFPR = (labour force / working-age population) × 100.

This question belongs to: Economy GK Economy Set 1

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