Which of the following is a feature of the Indian public sector enterprises? MCQ with Answer and Explanation

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Which of the following is a feature of the Indian public sector enterprises?

A. Presence of both commercial and social objectives

B. Only profit maximisation without any public purpose

C. Complete absence of social objectives

D. No role in strategic sectors

Answer: Option A

Solution (By JKSSB Mock Tests)

Public sector enterprises in India have historically pursued a combination of commercial viability and broader social and strategic objectives.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Lokpal' in India is a:

A. judicial body

B. private body

C. constitutional body

D. statutory body

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Correct Answer: Option D

Explanation:
Lokpal is a statutory body established under the Lokpal and Lokayuktas Act, 2013.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a type of foreign investment?

A. External Commercial Borrowings

B. Foreign Direct Investment

C. Domestic bank deposits by residents

D. Foreign Portfolio Investment

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Correct Answer: Option C

Explanation:
Domestic bank deposits by residents are not foreign investment. FDI, FPI and ECBs represent different forms of foreign capital inflows.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST' regime has subsumed which of the following central taxes?

A. Customs duty

B. Central Excise Duty

C. Corporate tax

D. Income tax

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Correct Answer: Option B

Explanation:
GST subsumed central excise duty, service tax, additional customs duty, etc.

This question belongs to: Economy GK Economy Set 1

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