The Harrod-Domar growth model emphasizes the role of: MCQ with Answer and Explanation

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The Harrod-Domar growth model emphasizes the role of:

A. saving and capital-output ratio

B. natural resources

C. population growth

D. technological progress

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on electric vehicles is:

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option D

Explanation:
Electric vehicles attract 5% GST to promote clean mobility.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the Indian labour market?

A. Uniform wages across sectors

B. Large share of informal employment and dualism

C. Dominance of formal sector employment only

D. Complete absence of unemployment

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Correct Answer: Option B

Explanation:
The Indian labour market is characterised by a large informal sector, dualism between formal and informal employment, and significant underemployment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'liquidity adjustment facility' was introduced in India based on the recommendations of:

A. Rangarajan Committee

B. Urjit Patel Committee

C. Narasimham Committee

D. Kelkar Committee

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Correct Answer: Option C

Explanation:
The Liquidity Adjustment Facility was introduced in 2000 based on Narasimham Committee recommendations.

This question belongs to: Economy GK Economy Set 1

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