Per capita income is obtained by dividing national income by: MCQ with Answer and Explanation

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Per capita income is obtained by dividing national income by:

A. total number of households

B. total population

C. total working population

D. total labour force

Answer: Option B

Solution (By JKSSB Mock Tests)

Per capita income is national income divided by mid-year total population.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the 'Fintech' revolution in financial services?

A. The use of technology to deliver financial services in new ways, often by non-traditional providers

B. The complete replacement of all traditional banks overnight

C. Only the use of paper-based processes

D. Only the activities of central banks

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Correct Answer: Option A

Explanation:
Fintech refers to technological innovation in the design and delivery of financial services, encompassing payments, lending, insurance, wealth management and other activities often provided by new entrants.

This question belongs to: Economy GK Economy Set 1

Question #2

Sustainable Development Goal 1 is related to:

A. gender equality

B. quality education

C. climate action

D. ending poverty in all its forms

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Correct Answer: Option D

Explanation:
SDG 1 aims to end poverty in all its forms everywhere.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'European Central Bank' is headquartered in:

A. Brussels

B. Paris

C. Berlin

D. Frankfurt

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Correct Answer: Option D

Explanation:
The European Central Bank is headquartered in Frankfurt, Germany.

This question belongs to: Economy GK Economy Set 1

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