The 'accelerator coefficient' is the ratio of: MCQ with Answer and Explanation

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The 'accelerator coefficient' is the ratio of:

A. investment to consumption

B. investment to output

C. saving to investment

D. change in investment to change in output

Answer: Option D

Solution (By JKSSB Mock Tests)

The accelerator is the ratio of induced investment to a change in output.

This question belongs to: Economy GK Economy Set 1

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Question #1

Currency with the public plus demand deposits is called:

A. high-powered money

B. narrow money

C. reserve money

D. broad money

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Correct Answer: Option B

Explanation:
Currency with the public plus demand deposits is narrow money, M1.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Loss and Damage Fund' established under the UNFCCC?

A. A fund limited to adaptation within national borders of developed countries

B. A fund only for mitigation projects in developed countries

C. A fund to assist developing countries that are particularly vulnerable to the adverse effects of climate change in responding to loss and damage

D. A private insurance mechanism without public finance

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Correct Answer: Option C

Explanation:
The Loss and Damage Fund, agreed at COP27 and operationalised subsequently, is intended to provide financial assistance to developing countries that are especially vulnerable to climate-related loss and damage.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Composition Scheme' under GST is available for service providers with turnover up to:

A. Rs 50 lakh

B. Rs 20 lakh

C. Rs 75 lakh

D. Rs 1.5 crore

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Correct Answer: Option A

Explanation:
Composition scheme for services is available up to Rs 50 lakh.

This question belongs to: Economy GK Economy Set 1

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