The 'Dutch disease' phenomenon in economics refers to: MCQ with Answer and Explanation

Question

Share Report Error

The 'Dutch disease' phenomenon in economics refers to:

A. high inflation

B. a fall in agricultural productivity

C. a decline in manufacturing due to a boom in natural resource exports

D. a banking crisis

Answer: Option C

Solution (By JKSSB Mock Tests)

Dutch disease is a situation where a resource boom causes currency appreciation and decline in other tradable sectors like manufacturing.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Annual Survey of Industries' collects data on:

A. registered manufacturing industries

B. service sector only

C. foreign trade

D. agricultural output

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Annual Survey of Industries covers registered manufacturing establishments.

This question belongs to: Economy GK Economy Set 1

Question #2

Say's law of markets states that:

A. government must manage demand

B. supply creates its own demand

C. saving is always equal to investment

D. demand creates its own supply

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Say's law states that supply creates its own demand.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Startup India Seed Fund Scheme' provides:

A. subsidies to farmers

B. loans to large companies

C. seed funding to startups

D. pension to workers

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Startup India Seed Fund Scheme provides seed funding to startups.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs