The 'Dutch disease' term was coined after the discovery of natural gas in: MCQ with Answer and Explanation

Question
The 'Dutch disease' term was coined after the discovery of natural gas in:
A. Netherlands
B. Australia
C. Norway
D. United Kingdom
Answer: Option A
Solution (By JKSSB Mock Tests)
Dutch disease was named after the effects of natural gas discoveries in the Netherlands.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Interest payment on government debt is classified as:
A. non-tax revenue
B. plan expenditure
C. revenue expenditure
D. capital expenditure
Discuss
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Correct Answer: Option C

Explanation:
Interest payment on debt is a recurring revenue expenditure.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Foundational Economy' approach?
A. Focus only on luxury consumption
B. Focus only on high-tech export sectors
C. Focus on the essential goods and services that keep citizens safe, healthy and educated, often provided collectively
D. Focus only on financial services
Discuss
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Correct Answer: Option C

Explanation:
The foundational economy comprises the everyday goods and services—utilities, food, health, education, care—that are essential for civilised life and are often most effectively provided through collective arrangements.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'World Economic Forum' annual meeting is held in:
A. Geneva
B. Zurich
C. Davos
D. Basel
Discuss
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Correct Answer: Option C

Explanation:
WEF annual meeting is held in Davos.
This question belongs to: Economy GK Economy Set 1
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