The 'Logistic Performance Index' is published by: MCQ with Answer and Explanation

The 'Logistic Performance Index' is published by:
A. World Bank
B. UNCTAD
C. WTO
D. IMF
Answer: Option A
Solution (By JKSSB Mock Tests)
The Logistics Performance Index is published by the World Bank.

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Practice More Economy Set 1 Questions

Question #1
In the context of development economics, the 'Big Push' theory emphasises:
A. Only agricultural investment
B. Complete reliance on market forces without coordination
C. Gradual and small investments in all sectors
D. The need for a coordinated large-scale investment to overcome complementarities and indivisibilities

Correct Answer: Option D


Explanation:
The Big Push argument, associated with Rosenstein-Rodan, stresses that simultaneous large investments in many sectors may be necessary to make industrialisation profitable when demand complementarities and infrastructure indivisibilities exist.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Election Commission of India' is constituted under which article?
A. Article 360
B. Article 356
C. Article 280
D. Article 324

Correct Answer: Option D


Explanation:
The Election Commission is constituted under Article 324.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is an example of a derived demand?
A. Demand for entertainment
B. Demand for cars by households
C. Demand for food by consumers
D. Demand for labour by firms

Correct Answer: Option D


Explanation:
Derived demand is the demand for a factor of production that arises from the demand for the final product it helps produce. Demand for labour is derived from the demand for goods and services.

This question belongs to: Economy GK Economy Set 1