Land ceiling laws aim to: MCQ with Answer and Explanation

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Land ceiling laws aim to:

A. increase land concentration

B. promote urbanization

C. limit the maximum land area an individual can hold

D. abolish all private land ownership

Answer: Option C

Solution (By JKSSB Mock Tests)

Land ceiling laws limit the maximum landholding an individual can own to redistribute surplus land.

This question belongs to: Economy GK Economy Set 1

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Question #1

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First-degree price discrimination occurs when a monopolist:

A. sells in bulk at a lower price

B. charges different prices in different markets

C. charges a single uniform price

D. charges each consumer the maximum price they are willing to pay

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Correct Answer: Option D

Explanation:
First-degree price discrimination, also called perfect price discrimination, charges each consumer their maximum willingness to pay.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'International Court of Justice' is headquartered at:

A. Vienna

B. The Hague

C. Geneva

D. New York

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Correct Answer: Option B

Explanation:
The International Court of Justice is headquartered at The Hague, Netherlands.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is NOT a objective of economic planning in India?

A. Modernisation

B. Self-reliance

C. Maximisation of inequality

D. Economic growth

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Correct Answer: Option C

Explanation:
Economic planning in India aimed at growth, modernisation, self-reliance and social justice (reduction of inequality), not maximisation of inequality.

This question belongs to: Economy GK Economy Set 1

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