The 'G-20' is a group of: MCQ with Answer and Explanation

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The 'G-20' is a group of:

A. 20 African countries

B. major advanced and emerging economies

C. 20 poorest countries

D. 20 EU countries

Answer: Option B

Solution (By JKSSB Mock Tests)

The G20 is a group of major advanced and emerging economies.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the 'Multidimensional Poverty Index'?

A. It is based only on national accounts data

B. It captures deprivations in health, education and living standards at the household level

C. It measures only income poverty

D. It measures only inequality

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Correct Answer: Option B

Explanation:
The Multidimensional Poverty Index identifies multiple overlapping deprivations suffered by households in the domains of health, education and living standards, providing a more comprehensive picture of poverty than income alone.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Urjit Patel Committee' recommended which inflation target for India?

A. 2%

B. 6% with a band of +/- 1%

C. 5% fixed

D. 4% with a band of +/- 2%

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Correct Answer: Option D

Explanation:
The Urjit Patel Committee recommended an inflation target of 4% with a +/- 2% band.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Governing Council' of NITI Aayog includes:

A. only finance secretaries

B. Chief Ministers and Lieutenant Governors

C. only central ministers

D. only RBI Governor

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Correct Answer: Option B

Explanation:
The Governing Council includes Chief Ministers and Lieutenant Governors along with the Prime Minister and central ministers.

This question belongs to: Economy GK Economy Set 1

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