The 'Startup India' action plan was launched in: MCQ with Answer and Explanation

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The 'Startup India' action plan was launched in:

A. 2016

B. 2017

C. 2018

D. 2014

Answer: Option A

Solution (By JKSSB Mock Tests)

Startup India was launched in January 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' return for monthly filing by regular dealers is:

A. GSTR-1

B. GSTR-3B

C. GSTR-4

D. GSTR-9

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Correct Answer: Option B

Explanation:
GSTR-3B is a monthly summary return for regular dealers.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following methods estimates national income by summing wages, rent, interest and profit?

A. Income method

B. Value added method

C. Production method

D. Expenditure method

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Correct Answer: Option A

Explanation:
The income method sums all factor incomes: wages, rent, interest and profit.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of 'Self-Preferencing' by digital platforms?

A. Only the preference for third-party products

B. The practice of a platform giving preferential treatment to its own products or services over those of competitors that use the platform

C. The equal treatment of all products on the platform

D. Only offline preferential practices

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Correct Answer: Option B

Explanation:
Self-preferencing occurs when a vertically integrated platform systematically favours its own downstream products or services in ranking, display or access to data, potentially harming competition on the platform.

This question belongs to: Economy GK Economy Set 1

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