The 'Index of Eight Core Industries' comprises which proportion of the weight in the Index of Industrial Production? MCQ with Answer and Explanation

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The 'Index of Eight Core Industries' comprises which proportion of the weight in the Index of Industrial Production?

A. 40%

B. 80%

C. 60%

D. 20%

Answer: Option A

Solution (By JKSSB Mock Tests)

The eight core industries have a combined weight of about 40.27% in the Index of Industrial Production.

This question belongs to: Economy GK Economy Set 1

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Stagflation refers to a situation of:

A. high inflation and high unemployment

B. deflation and high growth

C. low inflation and high growth

D. high inflation and high growth

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Correct Answer: Option A

Explanation:
Stagflation is a combination of stagnation (high unemployment) and inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

Broad money M3 in India consists of M1 plus:

A. time deposits with banks

B. only post office deposits

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D. government deposits

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Correct Answer: Option A

Explanation:
M3 is M1 plus time deposits with banks.

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The 'KUSUM' scheme aims to promote:

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Correct Answer: Option B

Explanation:
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