The 'Tendulkar Committee' was constituted in which year? MCQ with Answer and Explanation

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The 'Tendulkar Committee' was constituted in which year?

A. 2009

B. 2005

C. 2000

D. 2013

Answer: Option B

Solution (By JKSSB Mock Tests)

The Tendulkar Committee was constituted in 2005.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Food Safety and Standards Authority of India' works under which ministry?

A. Ministry of Agriculture

B. Ministry of Commerce

C. Ministry of Health and Family Welfare

D. Ministry of Food Processing Industries

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Correct Answer: Option C

Explanation:
FSSAI functions under the Ministry of Health and Family Welfare.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' rate on footwear above Rs 1,000 is:

A. 28%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option B

Explanation:
Footwear above Rs 1,000 attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a tool to measure income inequality?

A. Laffer Curve

B. Phillips Curve

C. Lorenz Curve

D. Engel Curve

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Correct Answer: Option C

Explanation:
The Lorenz Curve plots the cumulative percentage of income against the cumulative percentage of population and is used to measure income inequality (along with the Gini coefficient).

This question belongs to: Economy GK Economy Set 1

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