The 'average propensity to consume' is calculated as: MCQ with Answer and Explanation

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The 'average propensity to consume' is calculated as:

A. total saving divided by total income

B. total income divided by total consumption

C. change in consumption divided by change in income

D. total consumption divided by total income

Answer: Option D

Solution (By JKSSB Mock Tests)

APC is total consumption divided by total income.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'special economic zone' policy in India was first announced in which year?

A. 2005

B. 2000

C. 2010

D. 1995

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Correct Answer: Option B

Explanation:
SEZ policy was announced in April 2000.

This question belongs to: Economy GK Economy Set 1

Question #2

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Sustainable Development Goal 1 is related to:

A. climate action

B. ending poverty in all its forms

C. gender equality

D. quality education

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Correct Answer: Option B

Explanation:
SDG 1 aims to end poverty in all its forms everywhere.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'World Bank's World Development Indicators' is a publication that:

A. publishes stock prices

B. sets interest rates

C. tracks military spending

D. provides development data on countries

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Correct Answer: Option D

Explanation:
World Development Indicators provides comprehensive development data.

This question belongs to: Economy GK Economy Set 1

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