The 'Union Budget' is presented under which article of the Constitution? MCQ with Answer and Explanation

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The 'Union Budget' is presented under which article of the Constitution?

A. Article 110

B. Article 112

C. Article 280

D. Article 265

Answer: Option B

Solution (By JKSSB Mock Tests)

The Annual Financial Statement is presented under Article 112.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Spices Board of India' is headquartered in:

A. Mumbai

B. Delhi

C. Chennai

D. Kochi

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Correct Answer: Option D

Explanation:
The Spices Board of India is headquartered in Kochi.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'e-Way Bill' is generated on the GST portal for movement of goods whose consignment value exceeds:

A. Rs 5 lakh

B. Rs 50,000

C. Rs 1 lakh

D. Rs 25,000

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Correct Answer: Option B

Explanation:
E-way bill is required for goods movement valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of the Indian economy, the 'Demographic Dividend' refers to:

A. Decline in the total population

B. Increase in the proportion of dependent population

C. Economic growth potential from a large working-age population

D. Increase in the old-age population only

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Correct Answer: Option C

Explanation:
Demographic dividend arises when a large share of the population is of working age, providing an opportunity for higher economic growth if this workforce is productively employed.

This question belongs to: Economy GK Economy Set 1

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