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

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Public-Private Partnership refers to:

A. merger of public sector banks

B. complete private ownership of public assets

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

D. nationalization of private firms

Answer: Option C

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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Question #1

The 'Purchasing Managers' Index' for India is compiled by:

A. RBI

B. SEBI

C. NSO

D. S&P Global and other agencies

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Correct Answer: Option D

Explanation:
India's PMI is compiled by S&P Global and other agencies.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Regional Rural Banks' were established in India in which year?

A. 1969

B. 1991

C. 1980

D. 1975

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Correct Answer: Option D

Explanation:
Regional Rural Banks were established in 1975.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of elasticity, a perfectly inelastic demand curve is:

A. Downward sloping with unit elasticity

B. Vertical

C. Upward sloping

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

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