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. W.W. Rostow

B. Milton Friedman

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

The Skill India Mission aims to:

A. promote imports

B. provide direct income support

C. reduce population growth

D. train a large number of people in various skills

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Correct Answer: Option D

Explanation:
Skill India aims to provide skill training to the workforce and improve employability.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following measures of money supply in India is known as 'narrow money'?

A. M3

B. M4

C. M2

D. M1

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Correct Answer: Option D

Explanation:
M1 is referred to as narrow money and consists of currency with the public, demand deposits with banks, and other deposits with RBI. M3 is broad money.

This question belongs to: Economy GK Economy Set 1

Question #3

In India, the exchange rate of the rupee is best described as:

A. fully floating with no RBI intervention

B. fixed by the government

C. managed floating

D. pegged to the dollar

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Correct Answer: Option C

Explanation:
India follows a managed floating exchange rate system with occasional RBI intervention.

This question belongs to: Economy GK Economy Set 1

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