The 'Nairobi Package' of WTO was adopted in which year? MCQ with Answer and Explanation

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The 'Nairobi Package' of WTO was adopted in which year?

A. 2015

B. 2017

C. 2013

D. 2019

Answer: Option A

Solution (By JKSSB Mock Tests)

The Nairobi Package was adopted in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Export Credit Guarantee Corporation of India' provides:

A. crop insurance

B. stock trading

C. credit risk insurance to exporters

D. banking services to public

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Correct Answer: Option C

Explanation:
ECGC provides credit risk insurance to exporters against payment defaults.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of economic growth, the Solow residual measures:

A. Contribution of natural resources only

B. Contribution of labour force growth only

C. Contribution of technological progress (total factor productivity)

D. Contribution of capital accumulation only

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Correct Answer: Option C

Explanation:
The Solow residual is the portion of output growth that cannot be explained by the growth of capital and labour inputs; it is attributed to technological progress or total factor productivity.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Index of Eight Core Industries' is released by:

A. Ministry of Finance

B. RBI

C. NITI Aayog

D. Ministry of Commerce and Industry

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Correct Answer: Option D

Explanation:
The Index of Eight Core Industries is released by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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