The 'Public Account of India' is constituted under which article? MCQ with Answer and Explanation

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The 'Public Account of India' is constituted under which article?

A. Article 312

B. Article 263

C. Article 280

D. Article 266

Answer: Option D

Solution (By JKSSB Mock Tests)

The Public Account of India is constituted under Article 266.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Clean Note Policy' of RBI aims to:

A. ensure good quality currency notes in circulation

B. print more currency

C. ban all old notes

D. reduce currency in circulation

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Correct Answer: Option A

Explanation:
Clean Note Policy aims to keep currency notes in good quality.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'demographic transition' refers to changes in:

A. exchange rates

B. birth and death rates

C. income distribution

D. inflation

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Correct Answer: Option B

Explanation:
Demographic transition refers to shifts in birth and death rates as an economy develops.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of elasticity, cross elasticity of demand between two complementary goods is:

A. Negative

B. Positive

C. Zero

D. Infinity

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Correct Answer: Option A

Explanation:
For complementary goods (e.g., car and petrol), an increase in the price of one leads to a decrease in demand for the other, so cross elasticity is negative.

This question belongs to: Economy GK Economy Set 1

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