The 'producer price index' measures prices received by: MCQ with Answer and Explanation

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The 'producer price index' measures prices received by:

A. retailers only

B. consumers

C. wholesalers only

D. producers for their output

Answer: Option D

Solution (By JKSSB Mock Tests)

Producer Price Index measures prices received by producers.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Ayushman Bharat Yojana' has two components: Health and Wellness Centres and:

A. Pradhan Mantri Awas Yojana

B. Pradhan Mantri Mudra Yojana

C. Pradhan Mantri Jan Arogya Yojana

D. Pradhan Mantri Ujjwala Yojana

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Correct Answer: Option C

Explanation:
Ayushman Bharat includes Health and Wellness Centres and PM-JAY.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on casinos is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option D

Explanation:
Casino services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Know Your Customer' norms are aimed primarily at:

A. preventing money laundering and fraud

B. promoting bank loans

C. reducing interest rates

D. increasing bank profits

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Correct Answer: Option A

Explanation:
KYC norms help banks verify customer identity to prevent money laundering and fraud.

This question belongs to: Economy GK Economy Set 1

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