Stagflation refers to a situation of: MCQ with Answer and Explanation

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Stagflation refers to a situation of:

A. high inflation and high unemployment

B. high inflation and high growth

C. low inflation and high growth

D. deflation and high growth

Answer: Option A

Solution (By JKSSB Mock Tests)

Stagflation is a combination of stagnation (high unemployment) and inflation.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is not a member of the NITI Aayog Governing Council?

A. Prime Minister

B. Chief Ministers of states

C. Lieutenant Governors of union territories

D. RBI Governor

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Correct Answer: Option D

Explanation:
The RBI Governor is not a member of the NITI Aayog Governing Council.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Foreign Direct Investment' limit in defence sector was increased to what percentage through the automatic route?

A. 49%

B. 74%

C. 100%

D. 26%

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Correct Answer: Option B

Explanation:
FDI in defence under automatic route is allowed up to 74%, with higher under government route.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Asian Infrastructure Investment Bank' is headquartered in:

A. Singapore

B. Manila

C. Tokyo

D. Beijing

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Correct Answer: Option D

Explanation:
The Asian Infrastructure Investment Bank is headquartered in Beijing.

This question belongs to: Economy GK Economy Set 1

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