The 'Agricultural and Processed Food Products Export Development Authority' promotes exports of: MCQ with Answer and Explanation

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The 'Agricultural and Processed Food Products Export Development Authority' promotes exports of:

A. machinery

B. petroleum products

C. agricultural and processed food products

D. textiles

Answer: Option C

Solution (By JKSSB Mock Tests)

APEDA promotes exports of agricultural and processed food products.

This question belongs to: Economy GK Economy Set 1

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Question #1

The First Five Year Plan of India was based on the:

A. Harrod-Domar model

B. Gandhian model

C. Nehru model

D. Mahalanobis model

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Correct Answer: Option A

Explanation:
The First Five Year Plan was based on the Harrod-Domar model.

This question belongs to: Economy GK Economy Set 1

Question #2

Structural unemployment arises due to:

A. temporary job search

B. agricultural seasonality

C. mismatch between the skills of workers and available jobs

D. fluctuations in business cycles

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Correct Answer: Option C

Explanation:
Structural unemployment is caused by a mismatch between workers' skills and available jobs.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Endogenous Money' view?

A. Only the monetary base matters

B. The money supply is strictly controlled by the central bank through the monetary base

C. The money supply is determined primarily by the demand for bank credit and accommodates itself to that demand

D. Banks play no role in money creation

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Correct Answer: Option C

Explanation:
The endogenous-money approach argues that the quantity of money is determined by the demand for loans and the willingness of banks to extend credit, with the central bank mainly setting the price of reserves rather than the quantity of base money.

This question belongs to: Economy GK Economy Set 1

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