The 'Skill India Mission' was launched in which year? MCQ with Answer and Explanation

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The 'Skill India Mission' was launched in which year?

A. 2014

B. 2015

C. 2016

D. 2017

Answer: Option B

Solution (By JKSSB Mock Tests)

Skill India Mission was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

Regional Rural Banks are sponsored by:

A. scheduled commercial banks

B. NABARD only

C. State governments only

D. RBI only

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Correct Answer: Option A

Explanation:
Regional Rural Banks are sponsored by scheduled commercial banks along with central and state governments.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the Indian tax system?

A. No progressive taxation

B. Only indirect taxes

C. Both direct and indirect taxes

D. Only direct taxes

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Correct Answer: Option C

Explanation:
The Indian tax system consists of both direct taxes (income tax, corporation tax) and indirect taxes (GST, customs duty), with progressive elements in direct taxes.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'take-off' stage in Rostow's model is characterized by:

A. decline in investment

B. rapid increase in investment and industrialization

C. decrease in savings

D. agricultural stagnation

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Correct Answer: Option B

Explanation:
Take-off is marked by a sharp rise in investment and industrial growth.

This question belongs to: Economy GK Economy Set 1

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