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

The 'Think Tank' of the Government of India for economic policy is:
A. SEBI
B. RBI
C. NITI Aayog
D. Finance Commission
Answer: Option C
Solution (By JKSSB Mock Tests)
NITI Aayog acts as the premier policy think tank of the Government of India.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
In the context of demand theory, the law of demand states that, ceteris paribus:
A. Price and quantity demanded are positively related
B. Income and quantity demanded are inversely related
C. Price and quantity demanded are inversely related
D. Price and supply are inversely related

Correct Answer: Option C


Explanation:
The law of demand states that, other things remaining constant, the quantity demanded of a commodity falls when its price rises and rises when its price falls, indicating an inverse relationship between price and quantity demanded.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' rate on gold in India is:
A. 3%
B. 5%
C. 12%
D. 0%

Correct Answer: Option A


Explanation:
Gold and jewellery attract 3% GST.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Efficient Market Hypothesis' in its semi-strong form?
A. Prices reflect all publicly available information
B. Prices reflect only past price information
C. Prices do not reflect any information
D. Prices reflect all information including private information

Correct Answer: Option A


Explanation:
The semi-strong form of the efficient market hypothesis asserts that stock prices adjust rapidly to all publicly available information, so that neither technical nor fundamental analysis can yield abnormal returns.

This question belongs to: Economy GK Economy Set 1