The 'India-UAE Comprehensive Economic Partnership Agreement' came into force in which year? MCQ with Answer and Explanation

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The 'India-UAE Comprehensive Economic Partnership Agreement' came into force in which year?

A. 2022

B. 2021

C. 2023

D. 2020

Answer: Option A

Solution (By JKSSB Mock Tests)

India-UAE CEPA came into force in May 2022.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Bank of Japan' is the central bank of:

A. Japan

B. China

C. Taiwan

D. South Korea

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Correct Answer: Option A

Explanation:
The Bank of Japan is the central bank of Japan.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Liquidity Trap' is most relevant when:

A. The economy is at full employment with high inflation

B. Nominal interest rates are close to zero and money demand is perfectly elastic

C. Money demand is interest-inelastic

D. Interest rates are very high

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Correct Answer: Option B

Explanation:
In a liquidity trap, the nominal interest rate is at or near zero and further increases in the money supply are absorbed entirely as idle balances, rendering conventional monetary policy ineffective.

This question belongs to: Economy GK Economy Set 1

Question #3

The Second Five Year Plan was based on which model?

A. Solow

B. Mahalanobis

C. Rostow

D. Harrod-Domar

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Correct Answer: Option B

Explanation:
The Second Five Year Plan was based on the Mahalanobis model.

This question belongs to: Economy GK Economy Set 1

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