The 'capability approach' to development was propounded by: MCQ with Answer and Explanation

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The 'capability approach' to development was propounded by:

A. Milton Friedman

B. W.W. Rostow

C. Arthur Lewis

D. Amartya Sen

Answer: Option D

Solution (By JKSSB Mock Tests)

Amartya Sen propounded the capability approach to development.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is NOT a quantitative credit control measure of RBI?

A. Open Market Operations

B. Variable Reserve Requirements

C. Credit Rationing

D. Bank Rate Policy

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Correct Answer: Option C

Explanation:
Credit rationing is a qualitative (selective) credit control measure. Bank Rate, OMO and variable reserve ratios (CRR/SLR) are quantitative measures.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'euro' currency was introduced as an accounting currency in which year?

A. 1992

B. 2002

C. 1999

D. 2005

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Correct Answer: Option C

Explanation:
The euro was introduced in bookkeeping form in 1999, with physical notes and coins in 2002.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'KUSUM' scheme aims to promote:

A. nuclear power

B. wind energy in industries

C. biogas in urban areas

D. solar power in agriculture

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Correct Answer: Option D

Explanation:
PM-KUSUM promotes solar power in agriculture including solar pumps and grid-connected solar plants.

This question belongs to: Economy GK Economy Set 1

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