The guiding philosophy of NITI Aayog is: MCQ with Answer and Explanation

Question

Share Report Error

The guiding philosophy of NITI Aayog is:

A. cooperative federalism

B. centralized planning

C. import substitution

D. command economy

Answer: Option A

Solution (By JKSSB Mock Tests)

NITI Aayog works on the principle of cooperative federalism.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

Which of the following is a measure of economic development rather than mere growth?

A. Increase in GDP only

B. Increase in foreign exchange reserves only

C. Increase in money supply

D. Improvement in HDI, reduction in poverty and inequality

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Economic development is a broader concept than growth and includes improvements in living standards, health, education, reduction in poverty and inequality, as reflected in indices like HDI.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Goods and Services Tax' on imports is:

A. levied along with customs duty

B. only 12%

C. only 5%

D. not levied

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Imports are subject to IGST along with basic customs duty.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

A monopolist maximizes profit at the level of output where:

A. MC = AR

B. AR = AC

C. MR = MC

D. AC is minimum

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
A monopolist maximizes profit by producing where marginal revenue equals marginal cost.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs