The 'Economic Survey' is usually authored by: MCQ with Answer and Explanation

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The 'Economic Survey' is usually authored by:

A. RBI

B. NITI Aayog

C. Chief Economic Adviser's team in the Ministry of Finance

D. SEBI

Answer: Option C

Solution (By JKSSB Mock Tests)

The Economic Survey is prepared by the Chief Economic Adviser's team.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Marginal Rate of Substitution' is derived from:

A. Cost curves

B. Indifference curve analysis

C. Production possibility frontier

D. Supply curve

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Correct Answer: Option B

Explanation:
The Marginal Rate of Substitution (MRS) is the rate at which a consumer is willing to give up one good for another while remaining on the same indifference curve.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Credit Linked Capital Subsidy Scheme' for MSMEs provides subsidy on:

A. wage payments

B. raw material purchases

C. interest payments

D. capital investment for technology upgradation

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Correct Answer: Option D

Explanation:
CLCSS provides capital subsidy for technology upgradation by MSMEs.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Commission for Women' is a:

A. private body

B. statutory body

C. constitutional body

D. judicial body

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Correct Answer: Option B

Explanation:
The National Commission for Women is a statutory body established in 1992.

This question belongs to: Economy GK Economy Set 1

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