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. 2014

C. 2017

D. 2018

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

The 'Goods and Services Tax' on consulting services is:

A. 28%

B. 18%

C. 5%

D. 12%

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Correct Answer: Option B

Explanation:
Consulting services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Statutory Liquidity Ratio is the percentage of NDTL that banks must maintain in:

A. cash with RBI only

B. gold, cash and approved securities

C. loans to government

D. foreign exchange only

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Correct Answer: Option B

Explanation:
SLR requires banks to maintain liquid assets such as cash, gold and approved securities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Contract Labour (Regulation and Abolition) Act' was enacted in which year?

A. 1986

B. 1961

C. 1976

D. 1970

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Correct Answer: Option D

Explanation:
The Contract Labour Act was enacted in 1970.

This question belongs to: Economy GK Economy Set 1

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