The 'special economic zone' policy in India was first announced in which year? MCQ with Answer and Explanation

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The 'special economic zone' policy in India was first announced in which year?

A. 1995

B. 2005

C. 2010

D. 2000

Answer: Option D

Solution (By JKSSB Mock Tests)

SEZ policy was announced in April 2000.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is NOT a measure of economic inequality?

A. Human Development Index as a pure inequality measure

B. Theil index

C. Lorenz curve

D. Gini coefficient

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Correct Answer: Option A

Explanation:
HDI is a composite measure of development (health, education, income). Gini coefficient, Lorenz curve and Theil index are specific measures of inequality.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on petroleum products is:

A. not levied currently

B. 12%

C. 18%

D. 5%

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Correct Answer: Option A

Explanation:
Petroleum crude, petrol, diesel, natural gas and ATF are currently outside GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Lokpal' in India is a:

A. private body

B. statutory body

C. constitutional body

D. judicial body

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Correct Answer: Option B

Explanation:
Lokpal is a statutory body established under the Lokpal and Lokayuktas Act, 2013.

This question belongs to: Economy GK Economy Set 1

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