The 'Coffee Board of India' promotes: MCQ with Answer and Explanation

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The 'Coffee Board of India' promotes:

A. coffee production and exports

B. sugar exports

C. spice exports

D. tea exports

Answer: Option A

Solution (By JKSSB Mock Tests)

Coffee Board promotes coffee production and exports.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of public goods, the free-rider problem arises because:

A. Individuals can benefit without paying

B. Public goods are excludable

C. Markets always provide public goods efficiently

D. Public goods are rivalrous

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Correct Answer: Option A

Explanation:
Because public goods are non-excludable, individuals have an incentive to free-ride — enjoy the benefits without contributing to the cost — leading to under-provision by the market.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of the 'Sudden Stop' literature?

A. Capital flows never reverse

B. Abrupt reversals of capital inflows can cause large real depreciations, output collapses and financial crises

C. Only trade shocks matter

D. Capital-flow reversals are always gradual and benign

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Correct Answer: Option B

Explanation:
Sudden-stop models analyse the macroeconomic and financial consequences of large and abrupt reversals in capital inflows, which often trigger currency crises, credit contractions and sharp recessions.

This question belongs to: Economy GK Economy Set 1