The Tendulkar Committee is associated with: MCQ with Answer and Explanation

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The Tendulkar Committee is associated with:

A. agriculture credit

B. poverty estimation methodology

C. tax reforms

D. banking reforms

Answer: Option B

Solution (By JKSSB Mock Tests)

The Tendulkar Committee recommended a new methodology for poverty estimation.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a feature of the 'Real Exchange Rate'?

A. It is independent of price levels

B. It is determined only by interest rates

C. It is the nominal exchange rate adjusted for relative price levels between countries

D. It is simply the nominal exchange rate

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Correct Answer: Option C

Explanation:
The real exchange rate is defined as the nominal exchange rate multiplied by the ratio of foreign to domestic price levels (or the relative price of foreign to domestic goods).

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' replaced which of the following central taxes?

A. Corporate tax

B. Wealth tax

C. Income tax

D. Service tax

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Correct Answer: Option D

Explanation:
GST subsumed service tax.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of a public good?

A. Rivalrous and excludable

B. Non-rivalrous and non-excludable

C. Non-rivalrous and excludable

D. Rivalrous and non-excludable

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Correct Answer: Option B

Explanation:
Public goods are non-rivalrous and non-excludable.

This question belongs to: Economy GK Economy Set 1

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