The 'Yojana Aayog' is the Hindi name for: MCQ with Answer and Explanation

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The 'Yojana Aayog' is the Hindi name for:

A. GST Council

B. NITI Aayog

C. Planning Commission

D. Finance Commission

Answer: Option C

Solution (By JKSSB Mock Tests)

The Planning Commission was known as Yojana Aayog in Hindi.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on Jan Dhan accounts is:

A. 5%

B. 18%

C. exempt

D. 0%

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Correct Answer: Option C

Explanation:
Basic savings bank deposit accounts under PMJDY are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of a closed economy?

A. High volume of exports and imports

B. No foreign trade

C. Free capital flows

D. Membership of WTO only

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Correct Answer: Option B

Explanation:
A closed economy does not engage in international trade or capital flows. It is self-sufficient and isolated from the rest of the world.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on air travel business class is:

A. 12%

B. 5%

C. 28%

D. 18%

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Correct Answer: Option A

Explanation:
Business class air travel is 12% GST.

This question belongs to: Economy GK Economy Set 1

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