The 'Public Accounts Committee' is chaired by a member of: MCQ with Answer and Explanation

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The 'Public Accounts Committee' is chaired by a member of:

A. ruling party

B. NITI Aayog

C. RBI

D. opposition party

Answer: Option D

Solution (By JKSSB Mock Tests)

The PAC is traditionally chaired by a member of the opposition.

This question belongs to: Economy GK Economy Set 1

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Question #1

A monopolist maximizes profit at the level of output where:

A. AR = AC

B. MC = AR

C. MR = MC

D. AC is minimum

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Correct Answer: Option C

Explanation:
A monopolist maximizes profit by producing where marginal revenue equals marginal cost.

This question belongs to: Economy GK Economy Set 1

Question #2

Under GST, interstate supply of goods is subject to:

A. IGST

B. CGST only

C. UTGST only

D. SGST only

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Correct Answer: Option A

Explanation:
Interstate supply of goods and services is subject to Integrated GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Commission for Scheduled Castes' is constituted under which article?

A. Article 340

B. Article 341

C. Article 338

D. Article 342

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Correct Answer: Option C

Explanation:
The National Commission for Scheduled Castes is constituted under Article 338.

This question belongs to: Economy GK Economy Set 1

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