The 'Keynesian cross' model shows equilibrium income where: MCQ with Answer and Explanation

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The 'Keynesian cross' model shows equilibrium income where:

A. exports equal imports

B. aggregate demand equals aggregate supply

C. interest rate equals inflation

D. money supply equals money demand

Answer: Option B

Solution (By JKSSB Mock Tests)

The Keynesian cross shows equilibrium where aggregate demand equals aggregate supply.

This question belongs to: Economy GK Economy Set 1

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The 'World Economic Forum' was established in which year?

A. 1990

B. 1971

C. 1965

D. 1980

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Correct Answer: Option B

Explanation:
WEF was established in 1971.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'SIDBI' is a wholly owned subsidiary of:

A. National Housing Bank

B. EXIM Bank

C. RBI

D. NABARD

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Correct Answer: Option C

Explanation:
SIDBI is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Personal Disposable Income' is personal income minus:

A. direct personal taxes and other deductions

B. customs duty

C. indirect taxes

D. corporate tax

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Correct Answer: Option A

Explanation:
Personal disposable income is personal income minus direct personal taxes and other receipts of government.

This question belongs to: Economy GK Economy Set 1

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