Which of the following is a tertiary sector activity? MCQ with Answer and Explanation

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Which of the following is a tertiary sector activity?

A. Mining

B. Agriculture

C. Software services

D. Construction

Answer: Option C

Solution (By JKSSB Mock Tests)

Software services are part of the tertiary or services sector.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Balance of Trade' refers to:

A. Capital account balance

B. Difference between exports and imports of goods only

C. Difference between exports and imports of goods and services

D. Overall surplus or deficit in balance of payments

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Correct Answer: Option B

Explanation:
Balance of Trade is the difference between the value of exports and imports of merchandise (goods) only. Balance of payments is a broader concept including services and capital flows.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate applicable to a supply is determined by:

A. RBI

B. President

C. GST Council

D. SEBI

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Correct Answer: Option C

Explanation:
GST rates are recommended by the GST Council.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Unified Payments Interface' was launched in which year?

A. 2016

B. 2018

C. 2017

D. 2014

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Correct Answer: Option A

Explanation:
UPI was launched in April 2016.

This question belongs to: Economy GK Economy Set 1

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