The 'Marine Products Export Development Authority' promotes exports of: MCQ with Answer and Explanation

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The 'Marine Products Export Development Authority' promotes exports of:

A. coffee

B. fish and marine products

C. tea

D. spices

Answer: Option B

Solution (By JKSSB Mock Tests)

MPEDA promotes exports of fish and marine products.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is NOT a function of the World Trade Organisation?

A. Providing long-term development finance

B. Providing a forum for trade negotiations

C. Settling trade disputes

D. Administering trade agreements

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Correct Answer: Option A

Explanation:
Long-term development finance is the function of the World Bank. The WTO deals with trade rules, negotiations and dispute settlement.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Natural Rate Hypothesis'?

A. Only adaptive expectations are assumed

B. In the long run, unemployment returns to its natural rate regardless of the inflation rate

C. There is a permanent trade-off between inflation and unemployment

D. Monetary policy can permanently reduce unemployment below the natural rate

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Correct Answer: Option B

Explanation:
The natural rate hypothesis, associated with Friedman and Phelps, states that in the long run the economy returns to the natural rate of unemployment and there is no permanent trade-off with inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'FDI' in insurance sector is allowed up to what percentage?

A. 74%

B. 100%

C. 49%

D. 26%

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Correct Answer: Option A

Explanation:
FDI in insurance is allowed up to 74%.

This question belongs to: Economy GK Economy Set 1

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