The 'Fisher equation' is expressed as: MCQ with Answer and Explanation

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The 'Fisher equation' is expressed as:

A. i = r + π

B. MV = PT

C. Y = C + I + G

D. S = I

Answer: Option A

Solution (By JKSSB Mock Tests)

The Fisher equation is i = r + π, where i is nominal interest rate, r is real interest rate and π is inflation.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Inter-temporal Choice' in economics deals with:

A. Choice between imports and exports

B. Choice between leisure and work only

C. Choice between present and future consumption

D. Choice between different goods at the same time

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Correct Answer: Option C

Explanation:
Inter-temporal choice refers to decisions involving trade-offs among costs and benefits occurring at different points in time, such as saving versus present consumption.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Rural Health Mission' was launched in:

A. 2005

B. 2000

C. 2010

D. 2013

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Correct Answer: Option A

Explanation:
NRHM was launched in 2005.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'withdrawal' from the circular flow in a three-sector economy includes:

A. exports

B. taxes and saving

C. investment

D. government expenditure

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Correct Answer: Option B

Explanation:
In a three-sector economy, withdrawals include saving and taxes.

This question belongs to: Economy GK Economy Set 1

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