The 'Index of Eight Core Industries' is released by: MCQ with Answer and Explanation

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The 'Index of Eight Core Industries' is released by:

A. RBI

B. Ministry of Finance

C. Ministry of Commerce and Industry

D. NITI Aayog

Answer: Option C

Solution (By JKSSB Mock Tests)

The Index of Eight Core Industries is released by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of economic growth, the Harrod-Domar model emphasises the role of:

A. Labour force growth only

B. Technological progress only

C. Savings and capital-output ratio

D. Natural resources only

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Correct Answer: Option C

Explanation:
The Harrod-Domar model states that the growth rate of an economy depends on the savings rate and the capital-output ratio (or inverse of the productivity of capital).

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Prime Minister's Economic Advisory Council' was reconstituted in which year?

A. 2019

B. 2017

C. 2014

D. 2020

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Correct Answer: Option B

Explanation:
The PMEAC was reconstituted in September 2017.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a function of the World Trade Organisation?

A. Settling trade disputes

B. Providing a forum for trade negotiations

C. Administering trade agreements

D. Providing long-term development finance

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Correct Answer: Option D

Explanation:
Long-term development finance is the function of the World Bank. The WTO deals with trade rules, negotiations and dispute settlement.

This question belongs to: Economy GK Economy Set 1

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