The 'adaptive expectations' hypothesis assumes people form expectations based on: MCQ with Answer and Explanation

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The 'adaptive expectations' hypothesis assumes people form expectations based on:

A. future policy announcements only

B. rational models only

C. random guesses

D. past values of the variable

Answer: Option D

Solution (By JKSSB Mock Tests)

Adaptive expectations are formed based on past observations.

This question belongs to: Economy GK Economy Set 1

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The 'Round Revolution' in India is associated with:

A. potato production

B. milk

C. fish

D. eggs

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Correct Answer: Option A

Explanation:
The Round Revolution is associated with increased potato production.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following taxes has NOT been subsumed under GST?

A. Basic Customs Duty

B. State VAT

C. Central Excise Duty

D. Service Tax

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Correct Answer: Option A

Explanation:
Basic Customs Duty has not been subsumed under GST.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of digital finance, 'Central Bank Digital Currency' (CBDC) refers to:

A. Only physical cash

B. Only privately issued cryptocurrencies

C. Only commercial-bank deposits

D. A digital form of central-bank money that is a direct liability of the central bank

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Correct Answer: Option D

Explanation:
A central-bank digital currency is a digital payment instrument denominated in the national unit of account that is a direct liability of the central bank, distinct from both physical cash and commercial-bank deposits.

This question belongs to: Economy GK Economy Set 1

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