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 growth

B. deflation and high growth

C. low inflation and high growth

D. high inflation and high unemployment

Answer: Option D

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

The 'Rashtriya Madhyamik Shiksha Abhiyan' was launched in:

A. 2009

B. 2005

C. 2014

D. 2012

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Correct Answer: Option A

Explanation:
Rashtriya Madhyamik Shiksha Abhiyan was launched in 2009.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on electricity is:

A. 0%

B. not under GST

C. 18%

D. 5%

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Correct Answer: Option B

Explanation:
Electricity is outside GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a function of the stock exchange?

A. Providing liquidity to securities

B. Mobilising savings for investment

C. Issuing new currency notes

D. Price discovery of securities

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Correct Answer: Option C

Explanation:
Issuing currency notes is the function of the central bank. Stock exchanges provide liquidity, facilitate price discovery and help mobilise savings for productive investment.

This question belongs to: Economy GK Economy Set 1

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