The 'Think Tank' of the Government of India for economic policy is: MCQ with Answer and Explanation

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The 'Think Tank' of the Government of India for economic policy is:

A. NITI Aayog

B. RBI

C. SEBI

D. Finance Commission

Answer: Option A

Solution (By JKSSB Mock Tests)

NITI Aayog acts as the premier policy think tank of the Government of India.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'International Monetary Fund' Poverty Reduction and Growth Trust provides:

A. loans to developed countries

B. military aid

C. trade subsidies

D. concessional lending to low-income countries

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Correct Answer: Option D

Explanation:
PRGT provides concessional lending to low-income countries.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Consumer Equilibrium' under indifference curve analysis is achieved when:

A. Total utility is maximum without budget constraint

B. The budget line is tangent to the highest attainable indifference curve

C. Marginal utility is zero

D. Price equals average cost

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Correct Answer: Option B

Explanation:
Consumer equilibrium occurs at the point where the budget line is tangent to an indifference curve, equating the marginal rate of substitution with the price ratio.

This question belongs to: Economy GK Economy Set 1

Question #3

The corporate tax rate for existing domestic companies that opted for concessional regime under Taxation Laws Amendment Act 2019 is:

A. 30%

B. 25%

C. 22%

D. 15%

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Correct Answer: Option C

Explanation:
The concessional corporate tax rate for existing domestic companies is 22% plus surcharge and cess.

This question belongs to: Economy GK Economy Set 1

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