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. Textiles
B. Natural gas
C. Crude oil
D. Coal
Answer: Option A
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 'Full Budget' is presented after the interim budget when:
A. the Supreme Court orders
B. elections are complete and the new government takes office
C. the RBI requests
D. the President orders
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Correct Answer: Option B

Explanation:
The new government presents a full budget after taking office.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'General Agreement on Tariffs and Trade' was replaced by the WTO in which year?
A. 2001
B. 1995
C. 1993
D. 1998
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Correct Answer: Option B

Explanation:
The WTO replaced GATT in 1995.
This question belongs to: Economy GK Economy Set 1
Question #3
In the context of digital regulation, the 'DMA' (Digital Markets Act) of the European Union aims to:
A. Only apply ex-post competition law without any specific rules
B. Only regulate small start-ups
C. Deregulate all digital platforms
D. Impose ex-ante obligations on designated gatekeeper platforms to ensure contestable and fair digital markets
Discuss
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Correct Answer: Option D

Explanation:
The Digital Markets Act establishes a set of dos and don’ts for large gatekeeper platforms, aiming to prevent unfair practices and to keep digital markets contestable and fair through ex-ante regulation.
This question belongs to: Economy GK Economy Set 1
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