The Doha Development Round of WTO negotiations primarily focused on: MCQ with Answer and Explanation

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The Doha Development Round of WTO negotiations primarily focused on:

A. intellectual property only

B. military alliances

C. concerns of developing countries

D. exchange rate management

Answer: Option C

Solution (By JKSSB Mock Tests)

The Doha Round focused on development concerns of developing countries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Invisible Hand' was introduced by:

A. Adam Smith

B. John Maynard Keynes

C. Alfred Marshall

D. Karl Marx

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Correct Answer: Option A

Explanation:
Adam Smith in 'The Wealth of Nations' introduced the concept of the invisible hand, suggesting that individuals pursuing their self-interest unintentionally promote the social good.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Contingency Fund of India' is held by:

A. Finance Minister

B. President

C. Prime Minister

D. RBI

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Correct Answer: Option B

Explanation:
The Contingency Fund of India is placed at the disposal of the President.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Mid-Day Meal Scheme' is now known as:

A. PM POSHAN

B. PM KISAN

C. PM AWAAS

D. PM JAN DHAN

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Correct Answer: Option A

Explanation:
Mid-Day Meal Scheme has been renamed PM POSHAN.

This question belongs to: Economy GK Economy Set 1

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