The 'Infant Industry Argument' for protection supports: MCQ with Answer and Explanation

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The 'Infant Industry Argument' for protection supports:

A. permanent tariffs on all imports

B. protecting mature industries

C. free trade

D. temporary protection to new industries to help them develop

Answer: Option D

Solution (By JKSSB Mock Tests)

The infant industry argument supports temporary protection for new industries until they become competitive.

This question belongs to: Economy GK Economy Set 1

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The 'National Digital Library of India' provides:

A. digital educational resources

B. passport services

C. land records

D. banking services

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Correct Answer: Option A

Explanation:
National Digital Library of India provides digital educational resources.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Blue Revolution' in India is associated with:

A. milk production

B. poultry farming

C. oilseeds production

D. fisheries and aquaculture development

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Correct Answer: Option D

Explanation:
The Blue Revolution refers to the development of fisheries and aquaculture.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'injection' into the circular flow in a three-sector economy includes:

A. government expenditure and investment

B. taxes

C. imports

D. saving

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Correct Answer: Option A

Explanation:
In a three-sector economy, injections include investment and government expenditure.

This question belongs to: Economy GK Economy Set 1

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