The 'Startup India' initiative is implemented by which department? MCQ with Answer and Explanation

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The 'Startup India' initiative is implemented by which department?

A. Ministry of Finance

B. Ministry of Skill Development

C. Department for Promotion of Industry and Internal Trade

D. NITI Aayog

Answer: Option C

Solution (By JKSSB Mock Tests)

Startup India is implemented by DPIIT.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Foreign Direct Investment' policy in India is formulated by:

A. RBI

B. Department for Promotion of Industry and Internal Trade

C. SEBI

D. NITI Aayog

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Correct Answer: Option B

Explanation:
FDI policy is formulated by the Department for Promotion of Industry and Internal Trade.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the Indian tax structure after the introduction of GST?

A. Multiple cascading taxes on goods

B. Unified tax on goods and services with input tax credit

C. Only central taxes without state participation

D. Complete absence of state taxes

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Correct Answer: Option B

Explanation:
GST replaced multiple cascading taxes with a unified tax on the supply of goods and services, allowing input tax credit and involving both the Centre and the States.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on legal services provided to government is:

A. exempt

B. 18%

C. 12%

D. 0%

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Correct Answer: Option A

Explanation:
Legal services provided to government are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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