The 'Economic Survey' in India is published by: MCQ with Answer and Explanation

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The 'Economic Survey' in India is published by:

A. NITI Aayog

B. Ministry of Finance

C. NSO

D. RBI

Answer: Option B

Solution (By JKSSB Mock Tests)

Economic Survey is published by the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Total utility is maximum when marginal utility is:

A. maximum

B. zero

C. negative

D. equal to average utility

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Correct Answer: Option B

Explanation:
Total utility reaches its maximum when marginal utility is zero; beyond this point, marginal utility becomes negative and total utility falls.

This question belongs to: Economy GK Economy Set 1

Question #2

Real GDP differs from nominal GDP because real GDP:

A. is measured at base year prices

B. is measured at current year prices

C. includes indirect taxes

D. includes depreciation

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Correct Answer: Option A

Explanation:
Real GDP is valued at constant base year prices to remove the effect of inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of demand analysis, the Engel Curve shows the relationship between:

A. Income and quantity demanded

B. Price and quantity demanded

C. Price and supply

D. Cost and output

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Correct Answer: Option A

Explanation:
The Engel Curve illustrates how the quantity demanded of a good changes as consumer income changes, holding prices constant.

This question belongs to: Economy GK Economy Set 1

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