The 'euro' currency was introduced as an accounting currency in which year? MCQ with Answer and Explanation

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The 'euro' currency was introduced as an accounting currency in which year?

A. 1999

B. 2002

C. 2005

D. 1992

Answer: Option A

Solution (By JKSSB Mock Tests)

The euro was introduced in bookkeeping form in 1999, with physical notes and coins in 2002.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Harrod-Domar growth model emphasizes the role of:

A. technological progress

B. saving and capital-output ratio

C. population growth

D. natural resources

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Correct Answer: Option B

Explanation:
The Harrod-Domar model emphasises saving rate and capital-output ratio as determinants of growth.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Crowding Out' is more likely to occur when:

A. There is a liquidity trap

B. The economy is near full employment and interest rates rise due to government borrowing

C. The economy is in a deep recession with excess capacity

D. Monetary policy is highly accommodative

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Correct Answer: Option B

Explanation:
Crowding out is more pronounced when the economy is close to full employment, as higher government borrowing raises interest rates and reduces private investment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Intellectual Property Rights Policy' was released in India in which year?

A. 2018

B. 2020

C. 2013

D. 2016

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Correct Answer: Option D

Explanation:
The National IPR Policy was released in 2016.

This question belongs to: Economy GK Economy Set 1

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