The 'dependency theory' of economic development argues that developing countries are: MCQ with Answer and Explanation

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The 'dependency theory' of economic development argues that developing countries are:

A. dependent on developed countries and face unequal exchange

B. independent and self-sufficient

C. unaffected by global trade

D. growing faster than developed countries

Answer: Option A

Solution (By JKSSB Mock Tests)

Dependency theory argues developing countries are economically dependent on developed countries.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of economic reforms, 'Disinvestment' involves:

A. Complete closure of all public enterprises

B. Nationalisation of private firms

C. Increasing government stake in public sector enterprises

D. Sale of government equity in public sector enterprises

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Correct Answer: Option D

Explanation:
Disinvestment refers to the sale of government-held shares in public sector enterprises to private investors or the public, thereby reducing the government's ownership stake.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate applicable to a supply is determined by:

A. GST Council

B. SEBI

C. President

D. RBI

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Correct Answer: Option A

Explanation:
GST rates are recommended by the GST Council.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Atal Pension Yojana' was launched in which year?

A. 2017

B. 2013

C. 2015

D. 2016

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Correct Answer: Option C

Explanation:
Atal Pension Yojana was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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