The 'balanced growth theory' emphasizes simultaneous investment in: MCQ with Answer and Explanation

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The 'balanced growth theory' emphasizes simultaneous investment in:

A. banking only

B. agriculture only

C. one sector only

D. multiple sectors to create demand

Answer: Option D

Solution (By JKSSB Mock Tests)

Balanced growth advocates simultaneous investment in mutually supporting sectors.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Potential Output' or 'Potential GDP' refers to:

A. The maximum output an economy can produce with current resources and technology without inflationary pressure

B. GDP at current market prices

C. Nominal GDP adjusted for population

D. Actual GDP in a given year

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Correct Answer: Option A

Explanation:
Potential output is the level of real GDP that can be sustained over the long term without generating inflationary or deflationary pressures, given existing resources and technology.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'occupational safety, health and working conditions code' was passed in which year?

A. 2020

B. 2019

C. 2021

D. 2022

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Correct Answer: Option A

Explanation:
The OSH Code was passed in 2020.

This question belongs to: Economy GK Economy Set 1

Question #3

The Human Development Index (HDI) is published by:

A. International Monetary Fund

B. World Bank

C. World Economic Forum

D. United Nations Development Programme

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Correct Answer: Option D

Explanation:
The Human Development Index is published annually by the United Nations Development Programme (UNDP) in its Human Development Report.

This question belongs to: Economy GK Economy Set 1

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