The 'Model APMC Act' was circulated by the central government in which year? MCQ with Answer and Explanation

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The 'Model APMC Act' was circulated by the central government in which year?

A. 2010

B. 2006

C. 2003

D. 2000

Answer: Option C

Solution (By JKSSB Mock Tests)

The Model APMC Act was circulated in 2003 to promote reforms in agricultural marketing.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Inter-American Development Bank' is headquartered in:

A. Mexico City

B. Washington D.C.

C. Brasilia

D. New York

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Correct Answer: Option B

Explanation:
The Inter-American Development Bank is headquartered in Washington D.C.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a type of budget deficit?

A. Revenue deficit

B. Fiscal deficit

C. Trade deficit

D. Primary deficit

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Correct Answer: Option C

Explanation:
Trade deficit is a component of the balance of payments (external sector). Revenue, fiscal and primary deficits are concepts related to the government budget.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'unbalanced growth theory' was proposed by:

A. Paul Rosenstein-Rodan

B. Arthur Lewis

C. Albert Hirschman

D. John Maynard Keynes

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Correct Answer: Option C

Explanation:
Albert Hirschman proposed the theory of unbalanced growth.

This question belongs to: Economy GK Economy Set 1

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