The 'Human Capital Index' is published by: MCQ with Answer and Explanation

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The 'Human Capital Index' is published by:

A. World Bank

B. IMF

C. UNESCO

D. UNDP

Answer: Option A

Solution (By JKSSB Mock Tests)

The Human Capital Index is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following has been a major driver of service sector growth in India?

A. IT and IT-enabled services, liberalisation and rising incomes

B. Only growth in agricultural productivity

C. Complete restriction on foreign investment in services

D. Decline in domestic and global demand

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Correct Answer: Option A

Explanation:
The expansion of IT and ITES, financial services, trade and tourism, supported by liberalisation and rising incomes, has driven the rapid growth of India's service sector.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on services by the United Nations and international organizations is:

A. 0%

B. 5%

C. exempt

D. 18%

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Correct Answer: Option C

Explanation:
Services by UN and specified international organizations are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of the Indian economy, the 'Twin Deficit' problem refers to:

A. Simultaneous existence of fiscal deficit and current account deficit

B. Capital account surplus and fiscal surplus

C. Budget surplus and trade surplus

D. Only revenue and primary deficits

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Correct Answer: Option A

Explanation:
The twin deficit hypothesis refers to the co-existence of a fiscal deficit and a current account deficit, which can be linked through the absorption approach or saving-investment identity.

This question belongs to: Economy GK Economy Set 1

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