The concept of 'Intergenerational Equity' is particularly relevant in the context of: MCQ with Answer and Explanation

The concept of 'Intergenerational Equity' is particularly relevant in the context of:
A. Only short-term monetary policy
B. Only trade policy
C. Public debt and fiscal sustainability
D. Only private investment decisions
Answer: Option C
Solution (By JKSSB Mock Tests)
Intergenerational equity concerns the fairness of distributing the burden of public debt and resource use between present and future generations, important for fiscal sustainability.

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Practice More Economy Set 1 Questions

Question #1
The 'Red Revolution' in India is associated with:
A. meat and tomato production
B. wheat
C. sugarcane
D. rice

Correct Answer: Option A


Explanation:
The Red Revolution is associated with meat and tomato production.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'four-sector economy' circular flow includes:
A. households, government, banks and firms
B. households, firms, government and banks only
C. households, firms, banks and foreign sector
D. households, firms, government and foreign sector

Correct Answer: Option D


Explanation:
A four-sector economy includes households, firms, government and the external sector.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on agricultural implements is:
A. 5%
B. 18%
C. 12%
D. 0%

Correct Answer: Option A


Explanation:
Agricultural implements generally attract 5% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1