The 'Economic Survey' is the annual flagship document of: MCQ with Answer and Explanation

Question
The 'Economic Survey' is the annual flagship document of:
A. SEBI
B. RBI
C. Ministry of Finance
D. NITI Aayog
Answer: Option C
Solution (By JKSSB Mock Tests)
Economic Survey is the flagship annual document of 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
Which of the following best describes 'Stagflation'?
A. High inflation accompanied by high unemployment and stagnant growth
B. Deflation with full employment
C. Low inflation with high unemployment
D. High growth with low inflation
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Correct Answer: Option A

Explanation:
Stagflation is a situation of simultaneous high inflation, high unemployment and stagnant or negative economic growth, posing a policy dilemma.
This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Fiscal Multiplier' measures:
A. Only the change in the exchange rate
B. The change in output resulting from a unit change in government spending or taxes
C. Only the change in interest rates
D. Only the change in the money supply
Discuss
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Correct Answer: Option B

Explanation:
The fiscal multiplier is the ratio of the change in real GDP to an exogenous change in the fiscal instrument (government purchases or taxes).
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Trusteeship Council' is one of the principal organs of:
A. United Nations
B. Commonwealth
C. WTO
D. SAARC
Discuss
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Correct Answer: Option A

Explanation:
The Trusteeship Council is one of the six principal organs of the United Nations.
This question belongs to: Economy GK Economy Set 1
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