Cardinal utility analysis assumes that utility: MCQ with Answer and Explanation

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Cardinal utility analysis assumes that utility:

A. cannot be measured in numbers

B. is not comparable across persons

C. depends on income only

D. can be measured in cardinal numbers

Answer: Option D

Solution (By JKSSB Mock Tests)

Cardinal utility analysis assumes utility can be quantified in numerical units such as utils.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Third Five Year Plan' period was:

A. 1961-1966

B. 1969-1974

C. 1956-1961

D. 1966-1971

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Correct Answer: Option A

Explanation:
The Third Five Year Plan covered 1961-1966.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Central Statistics Office' has been merged with which organization to form the National Statistical Office?

A. National Sample Survey Office

B. Labour Bureau

C. NITI Aayog

D. Registrar General of India

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Correct Answer: Option A

Explanation:
CSO and NSSO were merged to form the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Monetary Fund' has how many member countries?

A. 150

B. 190

C. 164

D. 193

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Correct Answer: Option B

Explanation:
The IMF has 190 member countries.

This question belongs to: Economy GK Economy Set 1

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