The Sensex is a stock market index of the: MCQ with Answer and Explanation

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The Sensex is a stock market index of the:

A. India International Exchange

B. Bombay Stock Exchange

C. National Stock Exchange

D. Multi Commodity Exchange

Answer: Option B

Solution (By JKSSB Mock Tests)

The Sensex is the benchmark index of the Bombay Stock Exchange (BSE).

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A Special Economic Zone is a geographical region with:

A. no private sector activity

B. higher tariffs than the rest of the country

C. complete prohibition of imports

D. liberal economic laws to promote exports and investment

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Correct Answer: Option D

Explanation:
SEZs have more liberal economic laws to promote exports and investment.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Essential Commodities Act' was amended in 2020 to deregulate which commodities?

A. Cereals, pulses, oilseeds, edible oils and onion

B. Fertilizers

C. Petroleum products

D. Medicines

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Correct Answer: Option A

Explanation:
The Essential Commodities (Amendment) Act 2020 deregulated cereals, pulses, oilseeds, edible oils and onion.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Ricardian Equivalence Theorem'?

A. Government debt is always neutral regardless of agents’ behaviour

B. Only liquidity-constrained agents matter

C. Tax cuts financed by debt do not affect private consumption because agents anticipate future tax liabilities

D. Tax cuts financed by debt increase private consumption

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Correct Answer: Option C

Explanation:
Ricardian equivalence asserts that, under certain conditions, debt-financed tax cuts do not stimulate consumption because forward-looking agents save the tax cut to pay the future taxes needed to service the debt.

This question belongs to: Economy GK Economy Set 1

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