A Special Economic Zone is a geographical region with: MCQ with Answer and Explanation

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A Special Economic Zone is a geographical region with:

A. liberal economic laws to promote exports and investment

B. complete prohibition of imports

C. higher tariffs than the rest of the country

D. no private sector activity

Answer: Option A

Solution (By JKSSB Mock Tests)

SEZs have more liberal economic laws to promote exports and investment.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Foreign Portfolio Investor' route in India is regulated by:

A. SEBI

B. IRDAI

C. PFRDA

D. RBI only

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Correct Answer: Option A

Explanation:
Foreign Portfolio Investors are regulated by SEBI.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'IS-LM-BP' or Mundell-Fleming model?

A. It analyses the effectiveness of monetary and fiscal policy under different exchange-rate regimes and degrees of capital mobility

B. It assumes continuous full employment

C. It assumes a closed economy

D. It ignores the external sector completely

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Correct Answer: Option A

Explanation:
The Mundell-Fleming model extends the IS-LM framework to an open economy and examines how the effectiveness of monetary and fiscal policy depends on the exchange-rate regime and the degree of capital mobility.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Consumer Price Index - Industrial Workers' is compiled by:

A. NITI Aayog

B. CSO

C. RBI

D. Labour Bureau

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Correct Answer: Option D

Explanation:
CPI-IW is compiled by the Labour Bureau.

This question belongs to: Economy GK Economy Set 1

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