Which of the following is NOT a feature of globalisation? MCQ with Answer and Explanation

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Which of the following is NOT a feature of globalisation?

A. Spread of technology and information

B. Greater integration of markets

C. Complete isolation of national economies

D. Increased cross-border trade and investment

Answer: Option C

Solution (By JKSSB Mock Tests)

Globalisation involves increasing integration of national economies through trade, investment, technology and information flows, not isolation.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on health care services is:

A. 18%

B. exempt

C. 0%

D. 5%

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Correct Answer: Option B

Explanation:
Health care services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is the primary objective of the Fiscal Responsibility and Budget Management (FRBM) Act in India?

A. To promote deficit financing through money creation

B. To ensure inter-generational equity and fiscal sustainability

C. To eliminate all forms of taxation

D. To increase fiscal deficit indefinitely

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Correct Answer: Option B

Explanation:
The FRBM Act aims to ensure fiscal discipline, inter-generational equity in fiscal management and long-term macroeconomic stability by setting targets for deficit reduction.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'systemically important financial institution' is one whose failure could:

A. trigger a systemic crisis

B. reduce inflation

C. benefit other banks

D. have no effect on the economy

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Correct Answer: Option A

Explanation:
A systemically important institution is too big or interconnected to fail without causing systemic risk.

This question belongs to: Economy GK Economy Set 1

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