The 'Rangarajan Committee' on poverty submitted its report in which year? MCQ with Answer and Explanation

The 'Rangarajan Committee' on poverty submitted its report in which year?
A. 2011
B. 2018
C. 2014
D. 2016
Answer: Option C
Solution (By JKSSB Mock Tests)
The Rangarajan Committee on poverty submitted its report in 2014.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Crowding Out' can occur through which of the following channels?
A. Higher interest rates reducing private investment and appreciation of the currency reducing net exports
B. Only through lower interest rates
C. Only through increased net exports
D. Only through increased private consumption

Correct Answer: Option A


Explanation:
Government borrowing can raise interest rates (financial crowding out) and, in an open economy, appreciate the currency, thereby reducing net exports (international crowding out).

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a major source of revenue for the Central Government of India?
A. Only state GST
B. Corporation tax, income tax and GST (central share)
C. Only property tax
D. Only professional tax

Correct Answer: Option B


Explanation:
Major sources of central government revenue include corporation tax, personal income tax, and the central share of GST, along with customs and other duties.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' has a threshold exemption for small businesses to reduce:
A. exports
B. compliance burden
C. imports
D. revenue

Correct Answer: Option B


Explanation:
Threshold exemption reduces compliance burden for small businesses.

This question belongs to: Economy GK Economy Set 1