The 'industrial relations code' was passed in which year? MCQ with Answer and Explanation

The 'industrial relations code' was passed in which year?
A. 2021
B. 2022
C. 2020
D. 2019
Answer: Option C
Solution (By JKSSB Mock Tests)
The Industrial Relations Code was passed in 2020.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Asymmetric Information' can lead to:
A. Zero transaction costs
B. Adverse selection and moral hazard problems
C. Perfect competition
D. Efficient market outcomes always

Correct Answer: Option B


Explanation:
Asymmetric information, where one party has superior information, can result in adverse selection before contracting and moral hazard after contracting.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Logistic Performance Index' is published by:
A. World Bank
B. UNCTAD
C. IMF
D. WTO

Correct Answer: Option A


Explanation:
The Logistics Performance Index is published by the World Bank.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of inflation, 'Core Inflation' excludes:
A. Service prices
B. Food and fuel prices
C. Manufactured goods prices
D. Housing prices

Correct Answer: Option B


Explanation:
Core inflation is a measure of inflation that excludes volatile items such as food and fuel prices to give a better picture of underlying inflation trends.

This question belongs to: Economy GK Economy Set 1