The 'e-way bill' validity is based on: MCQ with Answer and Explanation

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The 'e-way bill' validity is based on:

A. type of vehicle

B. number of goods

C. distance to be travelled

D. value of goods

Answer: Option C

Solution (By JKSSB Mock Tests)

E-way bill validity depends on the distance of movement.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The concept of 'Natural Rate of Unemployment' is associated with which school of thought?

A. Keynesian economics

B. Marxian economics

C. Monetarist economics

D. Classical economics only

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Correct Answer: Option C

Explanation:
Milton Friedman and Edmund Phelps developed the concept of the natural rate of unemployment, which is the unemployment rate consistent with stable inflation in the long run.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a cause of demand-pull inflation?

A. Supply chain disruptions

B. Rise in wages independent of productivity

C. Increase in money supply and aggregate demand

D. Increase in the cost of raw materials

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Correct Answer: Option C

Explanation:
Demand-pull inflation arises when aggregate demand exceeds aggregate supply at full employment, often due to excess money supply or expansionary fiscal policy.

This question belongs to: Economy GK Economy Set 1