In the context of global digital governance, the 'Digital Services Act' of the European Union focuses on: MCQ with Answer and Explanation

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In the context of global digital governance, the 'Digital Services Act' of the European Union focuses on:

A. Only data-protection rules

B. Only competition rules for gatekeepers

C. Only e-commerce contract law

D. Harmonised rules for intermediary services regarding content moderation, transparency and accountability

Answer: Option D

Solution (By JKSSB Mock Tests)

The Digital Services Act establishes a horizontal framework of due-diligence, transparency and accountability obligations for digital intermediary services, including online platforms, with respect to illegal content and systemic risks.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is used to measure the degree of openness of an economy?

A. Money supply growth rate

B. Unemployment rate

C. Share of exports and imports in GDP

D. Fiscal deficit as a percentage of GDP

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Correct Answer: Option C

Explanation:
The degree of openness is commonly measured by the ratio of total trade (exports + imports) to GDP, reflecting integration with the global economy.

This question belongs to: Economy GK Economy Set 1

Question #2

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A mutual fund pools money from investors to invest in:

A. a diversified portfolio of securities

B. only real estate

C. only government bonds

D. only fixed deposits

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Correct Answer: Option A

Explanation:
A mutual fund invests pooled investor funds in a diversified portfolio of securities.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Terms of Trade' deterioration for developing countries was emphasised by:

A. Heckscher and Ohlin

B. Adam Smith

C. David Ricardo

D. Raul Prebisch and Hans Singer

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Correct Answer: Option D

Explanation:
The Prebisch-Singer hypothesis argues that the terms of trade of primary commodity exporters (mostly developing countries) tend to deteriorate over time relative to manufactured goods.

This question belongs to: Economy GK Economy Set 1

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