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

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Public-Private Partnership refers to:

A. nationalization of private firms

B. merger of public sector banks

C. complete private ownership of public assets

D. collaboration between government and private sector for infrastructure or service delivery

Answer: Option D

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 Indian planning, the first Five Year Plan was based on which model?

A. Harrod-Domar model

B. Solow model

C. Mahalanobis model

D. Lewis model

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Correct Answer: Option A

Explanation:
The First Five Year Plan (1951-56) was based on the Harrod-Domar model which emphasised the role of savings and investment in economic growth.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Modern Monetary Theory' (MMT) perspective?

A. A sovereign currency issuer faces no purely financial constraint on its spending and the main limit is inflation

B. Monetary financing is always inflationary regardless of capacity utilisation

C. Governments are always financially constrained like households

D. Only balanced budgets are sustainable

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Correct Answer: Option A

Explanation:
Modern Monetary Theory argues that a government that issues its own fiat currency cannot be forced into involuntary default and that the relevant constraint on spending is the availability of real resources and the risk of inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

A firm should shut down in the short run if price is less than:

A. average variable cost

B. average total cost

C. average fixed cost

D. marginal cost

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Correct Answer: Option A

Explanation:
In the short run, a firm shuts down if price is less than average variable cost.

This question belongs to: Economy GK Economy Set 1

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