The 'Integrated Child Development Services' scheme was launched in: MCQ with Answer and Explanation

The 'Integrated Child Development Services' scheme was launched in:
A. 1985
B. 1975
C. 1965
D. 1995
Answer: Option B
Solution (By JKSSB Mock Tests)
ICDS was launched in 1975.

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Practice More Economy Set 1 Questions

Question #1
In the context of international trade, the 'Stolper-Samuelson Theorem' predicts that:
A. Factor prices are independent of goods prices
B. Only labour always gains from trade
C. Trade benefits all factors of production equally
D. An increase in the relative price of a good raises the real return to the factor used intensively in its production

Correct Answer: Option D


Explanation:
The Stolper-Samuelson theorem states that a rise in the relative price of a good increases the real return to the factor used intensively in that good and reduces the real return to the other factor.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Liquidity Coverage Ratio' under Basel III?
A. It measures only long-term funding stability
B. It applies only to non-bank financial institutions
C. It requires banks to hold sufficient high-quality liquid assets to cover net cash outflows over 30 days
D. It is related only to capital adequacy

Correct Answer: Option C


Explanation:
The Liquidity Coverage Ratio (LCR) requires banks to maintain an adequate stock of unencumbered high-quality liquid assets that can be converted into cash to meet liquidity needs for a 30-calendar-day stress scenario.

This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Multiplier-Accelerator Interaction' is associated with:
A. Monetary theories
B. Business cycle theories
C. International trade theories
D. Public finance theories

Correct Answer: Option B


Explanation:
The interaction between the multiplier and accelerator is used in theories of business cycles (e.g., by Samuelson and Hicks) to explain fluctuations in economic activity.

This question belongs to: Economy GK Economy Set 1