The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in: MCQ with Answer and Explanation

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The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in:

A. 1875

B. 1850

C. 1947

D. 1900

Answer: Option A

Solution (By JKSSB Mock Tests)

BSE was established in 1875.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Cyclical unemployment is caused by:

A. trade union pressure

B. seasonal changes

C. lack of aggregate demand during economic downturns

D. mismatch of skills

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Correct Answer: Option C

Explanation:
Cyclical unemployment is caused by deficient aggregate demand during recessions.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of a monopoly?

A. Large number of sellers

B. Homogeneous product with many sellers

C. Single seller and no close substitutes

D. Free entry and exit

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Correct Answer: Option C

Explanation:
Monopoly is characterised by a single seller of a product that has no close substitutes, with barriers to entry.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a measure of relative poverty?

A. Percentage of population below a fixed income threshold

B. Income share of the bottom quintile relative to the top

C. Absolute number of poor people

D. Poverty line based on minimum calorie intake

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Correct Answer: Option B

Explanation:
Relative poverty is measured in relation to the overall distribution of income in society, such as the income share of the poorest relative to the richest.

This question belongs to: Economy GK Economy Set 1

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