The 'ICRA' in India is a: MCQ with Answer and Explanation

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The 'ICRA' in India is a:

A. stock exchange

B. insurance company

C. credit rating agency

D. bank

Answer: Option C

Solution (By JKSSB Mock Tests)

ICRA is a credit rating agency.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Foreign Direct Investment is distinguished from Foreign Portfolio Investment mainly by:

A. short-term currency trading

B. investment only in government securities

C. lasting interest and managerial control

D. the amount of investment

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Correct Answer: Option C

Explanation:
FDI involves lasting interest and managerial control, while FPI does not.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'demographic dividend' can be reaped when:

A. working-age population is large and productive

B. elderly population is large

C. birth rate is high

D. dependency ratio is high

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Correct Answer: Option A

Explanation:
Demographic dividend arises from a large productive working-age population.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'GDP deflator' is a price index that measures:

A. only consumer prices

B. only wholesale prices

C. prices of all domestically produced final goods and services

D. only food prices

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Correct Answer: Option C

Explanation:
GDP deflator measures the average price of all final goods and services produced domestically.

This question belongs to: Economy GK Economy Set 1

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