The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in: MCQ with Answer and Explanation

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The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:

A. 2007

B. 2004

C. 2009

D. 2005

Answer: Option D

Solution (By JKSSB Mock Tests)

MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Presidency Banks' were merged into the Imperial Bank of India in which year?

A. 1935

B. 1921

C. 1905

D. 1949

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Correct Answer: Option B

Explanation:
The three presidency banks were merged into the Imperial Bank of India in 1921.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of industrial organisation, the 'Structure-Conduct-Performance' paradigm suggests that:

A. Market structure determines firm conduct which in turn determines performance

B. Only performance matters

C. Conduct is independent of structure

D. Performance determines structure

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Correct Answer: Option A

Explanation:
The traditional SCP paradigm posits a causal chain from market structure (concentration, entry barriers) to firm conduct (pricing, advertising) to market performance (profits, efficiency).

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Consumer Price Index' in India uses which base year?

A. 2012

B. 2019

C. 2016

D. 2010

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Correct Answer: Option A

Explanation:
CPI-Combined uses base year 2012.

This question belongs to: Economy GK Economy Set 1

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