Which of the following is not one of the eight core industries? MCQ with Answer and Explanation

Question
Which of the following is not one of the eight core industries?
A. Coal
B. Textiles
C. Natural gas
D. Crude oil
Answer: Option B
Solution (By JKSSB Mock Tests)
Textiles is not among the eight core industries; they are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The Phillips Curve shows the relationship between:
A. Unemployment and inflation
B. Interest rate and investment
C. Inflation and economic growth
D. Money supply and price level
Discuss
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Correct Answer: Option A

Explanation:
The Phillips Curve illustrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy in the short run.
This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Financial Inclusion' primarily aims at:
A. Ensuring access to financial services for all sections of society at affordable cost
B. Providing banking services only to high-income groups
C. Restricting credit to priority sectors
D. Increasing interest rates for small borrowers
Discuss
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Correct Answer: Option A

Explanation:
Financial inclusion seeks to ensure that individuals and businesses, especially the underserved, have access to useful and affordable financial products and services.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' exemption limit for registration of service providers is:
A. Rs 20 lakh
B. Rs 10 lakh
C. Rs 50 lakh
D. Rs 40 lakh
Discuss
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Correct Answer: Option A

Explanation:
General GST registration threshold for services is Rs 20 lakh (Rs 10 lakh in special category states).
This question belongs to: Economy GK Economy Set 1
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