Public-Private Partnership refers to: MCQ with Answer and Explanation

Question
Public-Private Partnership refers to:
A. nationalization of private firms
B. collaboration between government and private sector for infrastructure or service delivery
C. complete private ownership of public assets
D. merger of public sector banks
Answer: Option B
Solution (By JKSSB Mock Tests)
PPP is a collaboration between government and private sector for infrastructure or public service delivery.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
In the context of elasticity, a perfectly inelastic demand curve is:
A. Upward sloping
B. Vertical
C. Downward sloping with unit elasticity
D. Horizontal
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Correct Answer: Option B

Explanation:
A perfectly inelastic demand curve is a vertical straight line, indicating that quantity demanded does not change at all with changes in price.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT included in the calculation of GDP at market prices?
A. Net exports
B. Gross investment
C. Intermediate goods
D. Private consumption expenditure
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Correct Answer: Option C

Explanation:
GDP includes only final goods and services to avoid double counting. Intermediate goods are not included in GDP calculation.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'euro' currency was introduced as an accounting currency in which year?
A. 2002
B. 2005
C. 1992
D. 1999
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Correct Answer: Option D

Explanation:
The euro was introduced in bookkeeping form in 1999, with physical notes and coins in 2002.
This question belongs to: Economy GK Economy Set 1
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