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. 2000

C. 2013

D. 2005

Answer: Option D

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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Which of the following is a feature of the Indian industrial policy after 1991?

A. Restriction on foreign investment

B. Expansion of the licence-permit raj

C. Liberalisation, delicensing and greater role for private sector

D. Complete nationalisation of industries

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Correct Answer: Option C

Explanation:
The 1991 Industrial Policy emphasised liberalisation, abolition of industrial licensing for most industries, and encouragement of private and foreign investment.

This question belongs to: Economy GK Economy Set 1

Question #2

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

A. 18%

B. 5%

C. 12%

D. 28%

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Correct Answer: Option A

Explanation:
DTH services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The term 'Managed Floating' exchange rate system means that:

A. The exchange rate is largely market-determined with occasional central bank intervention

B. The exchange rate is fixed in terms of gold only

C. There is no role whatsoever for the central bank

D. The exchange rate is rigidly fixed by the government

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Correct Answer: Option A

Explanation:
Under a managed float, the exchange rate is primarily determined by market forces, but the central bank intervenes from time to time to prevent excessive volatility or disorderly movements.

This question belongs to: Economy GK Economy Set 1

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