The concept of 'Inclusive Growth' emphasises: MCQ with Answer and Explanation

The concept of 'Inclusive Growth' emphasises:
A. Only growth in the formal sector
B. Growth that is broad-based, creates productive employment and reduces poverty and inequality
C. Only growth in urban areas
D. Only the maximisation of GDP growth regardless of distribution
Answer: Option B
Solution (By JKSSB Mock Tests)
Inclusive growth is economic growth that generates productive employment opportunities for a large part of the labour force and ensures that the benefits of growth are widely shared.

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Practice More Economy Set 1 Questions

Question #1
The 'menu cost' of inflation refers to:
A. cost to firms of changing prices frequently
B. cost of printing new currency
C. cost of food
D. cost of borrowing

Correct Answer: Option A


Explanation:
Menu cost is the cost firms incur in updating prices during inflation.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'National Single Window System' in India is intended to:
A. regulate banks
B. facilitate imports only
C. provide a single digital portal for business approvals
D. collect taxes

Correct Answer: Option C


Explanation:
The National Single Window System provides a single portal for business approvals and clearances.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'GST Council' is a constitutional body under which article?
A. Article 246A
B. Article 280
C. Article 279A
D. Article 324

Correct Answer: Option C


Explanation:
The GST Council is constituted under Article 279A.

This question belongs to: Economy GK Economy Set 1