The 'Stand-Up India' scheme was launched in which year? MCQ with Answer and Explanation

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The 'Stand-Up India' scheme was launched in which year?

A. 2014

B. 2016

C. 2017

D. 2018

Answer: Option B

Solution (By JKSSB Mock Tests)

Stand-Up India was launched in 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' rate on concerts and sporting events is:

A. 28%

B. 12%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Concerts and sporting events attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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Who is the ex-officio Chairperson of NITI Aayog?

A. President

B. Vice President

C. Prime Minister

D. Finance Minister

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Correct Answer: Option C

Explanation:
The Prime Minister is the ex-officio Chairperson of NITI Aayog.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of cost curves, the Average Fixed Cost (AFC) curve is:

A. U-shaped

B. Horizontal

C. Upward sloping

D. Rectangular hyperbola

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Correct Answer: Option D

Explanation:
Average Fixed Cost falls continuously as output increases and the AFC curve is a rectangular hyperbola.

This question belongs to: Economy GK Economy Set 1

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