The Engel curve shows the relationship between: MCQ with Answer and Explanation

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The Engel curve shows the relationship between:

A. price and quantity demanded

B. utility and expenditure

C. price and income

D. income and quantity demanded

Answer: Option D

Solution (By JKSSB Mock Tests)

The Engel curve depicts the relationship between a consumer's income and the quantity demanded of a good.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Public Provident Fund' is a:

A. long-term small savings scheme

B. current account

C. short-term trading instrument

D. foreign exchange instrument

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Correct Answer: Option A

Explanation:
Public Provident Fund is a long-term small savings scheme.

This question belongs to: Economy GK Economy Set 1

Question #2

Core inflation excludes which of the following?

A. food and fuel prices

B. all manufactured goods

C. housing prices

D. imported goods

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Correct Answer: Option A

Explanation:
Core inflation excludes volatile food and fuel prices to capture underlying inflation trends.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Global Hunger Index' is published by:

A. Concern Worldwide and Welthungerhilfe

B. World Bank

C. UNDP

D. WHO

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Correct Answer: Option A

Explanation:
The Global Hunger Index is jointly published by Concern Worldwide and Welthungerhilfe.

This question belongs to: Economy GK Economy Set 1

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