The 'SFURTI' scheme is related to: MCQ with Answer and Explanation

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The 'SFURTI' scheme is related to:

A. rural roads

B. urban housing

C. banking

D. traditional industries clusters

Answer: Option D

Solution (By JKSSB Mock Tests)

SFURTI promotes cluster development of traditional industries.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on sugar confectionery is:

A. 12%

B. 5%

C. 28%

D. 18%

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Correct Answer: Option D

Explanation:
Sugar confectionery attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of economic theory, the 'Law of Demand' is derived from:

A. Both substitution and income effects for normal goods

B. Increasing marginal utility

C. Only the substitution effect

D. Only the income effect

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Correct Answer: Option A

Explanation:
For normal goods, both the substitution effect and the income effect of a price change work in the same direction, reinforcing the inverse relationship between price and quantity demanded.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on cryptocurrency is:

A. 5%

B. 18%

C. 28%

D. 0%

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Correct Answer: Option B

Explanation:
Cryptocurrency transactions are subject to 18% GST as financial services, though regulation is evolving.

This question belongs to: Economy GK Economy Set 1

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