The 'Delhi-Mumbai Industrial Corridor' is being developed with cooperation from: MCQ with Answer and Explanation

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The 'Delhi-Mumbai Industrial Corridor' is being developed with cooperation from:

A. USA

B. Japan

C. Germany

D. France

Answer: Option B

Solution (By JKSSB Mock Tests)

The Delhi-Mumbai Industrial Corridor is being developed with Japanese cooperation.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is NOT a component of the Human Development Report published by UNDP?

A. Multidimensional Poverty Index

B. Gender Inequality Index

C. Wholesale Price Index of India

D. Human Development Index

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Correct Answer: Option C

Explanation:
The Wholesale Price Index is an Indian domestic price index. The Human Development Report includes HDI, GII, MPI and other development-related indices.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Network Externalities' implies that:

A. The value of a good decreases with the number of users

B. Only production externalities matter

C. The value of a good or service increases with the number of other users

D. Externalities are always negative

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Correct Answer: Option C

Explanation:
Network externalities exist when the utility that a user derives from a good or service depends positively on the number of other users of the same or compatible goods.

This question belongs to: Economy GK Economy Set 1