The 'Atal New India Challenge' is an initiative of: MCQ with Answer and Explanation

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The 'Atal New India Challenge' is an initiative of:

A. Ministry of Finance

B. Atal Innovation Mission, NITI Aayog

C. Ministry of Defence

D. SEBI

Answer: Option B

Solution (By JKSSB Mock Tests)

Atal New India Challenge is an initiative of Atal Innovation Mission under NITI Aayog.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a feature of the 'Financial Development' and growth literature?

A. Financial development always retards growth

B. Finance is completely neutral for real activity

C. Better-functioning financial systems can promote growth by improving the allocation of capital and reducing financing constraints

D. Only the size of the banking system matters and quality is irrelevant

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Correct Answer: Option C

Explanation:
A large body of research finds that financial development—deeper, more efficient and more inclusive financial systems—tends to raise long-run growth by relaxing credit constraints and improving resource allocation.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of indicative planning in India refers to:

A. state ownership of all means of production

B. planning based on forced targets

C. planning in a mixed economy with public and private sectors

D. planning without any state intervention

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Correct Answer: Option C

Explanation:
Indicative planning in India is planning in a mixed economy with both public and private sectors.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of behavioural economics, 'Default Effects' demonstrate that:

A. People always opt out of defaults

B. Only active choices matter

C. The option that is pre-selected for individuals has a disproportionately large influence on choices

D. Defaults have no effect on behaviour

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Correct Answer: Option C

Explanation:
Default effects show that the pre-set option exerts a strong influence on behaviour; many people stick with the default even when opting out is easy, making defaults a powerful policy tool.

This question belongs to: Economy GK Economy Set 1

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