The 'Ministry of Statistics and Programme Implementation' is responsible for: MCQ with Answer and Explanation

Question

Share Report Error

The 'Ministry of Statistics and Programme Implementation' is responsible for:

A. official statistics and programme implementation

B. foreign trade

C. monetary policy

D. banking regulation

Answer: Option A

Solution (By JKSSB Mock Tests)

MoSPI handles official statistics and programme implementation.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

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

A. Only adaptive expectations are assumed

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

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

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

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

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 #2

The 'Tobin tax' is a proposed tax on:

A. income

B. short-term foreign exchange transactions

C. property

D. imports

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
A Tobin tax is a tax on short-term foreign exchange transactions to reduce speculative flows.

This question belongs to: Economy GK Economy Set 1

Question #3

Unified Payments Interface enables:

A. instant interbank transfer using a virtual payment address

B. only cheque clearing

C. only credit card payments

D. only government payments

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
UPI enables instant interbank transfers through virtual payment addresses using mobile devices.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs