The 'Sagarmala' programme was launched in: MCQ with Answer and Explanation

Question

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The 'Sagarmala' programme was launched in:

A. 2013

B. 2016

C. 2015

D. 2017

Answer: Option C

Solution (By JKSSB Mock Tests)

Sagarmala was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'GST Council' has a secretariat located in:

A. Bengaluru

B. Gandhinagar

C. Mumbai

D. New Delhi

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Correct Answer: Option D

Explanation:
GST Council secretariat is in New Delhi.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of 'Algorithmic Pricing'?

A. The use of algorithms to set prices automatically, potentially leading to tacit collusion or rapid price adjustment

B. Prices that never change

C. Only cost-plus pricing without data

D. Only manual price setting by humans

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Correct Answer: Option A

Explanation:
Algorithmic pricing employs software algorithms that automatically adjust prices in response to demand, competitor prices and other data; under certain conditions it can facilitate tacit collusion or increase price volatility.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' excludes which of the following from its purview?

A. Manufactured goods

B. Imported goods

C. Services

D. Alcoholic liquor for human consumption

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Correct Answer: Option D

Explanation:
Alcoholic liquor for human consumption is outside GST.

This question belongs to: Economy GK Economy Set 1

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