The 'National Agriculture Market' e-NAM was launched in which year? MCQ with Answer and Explanation

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The 'National Agriculture Market' e-NAM was launched in which year?

A. 2017

B. 2016

C. 2018

D. 2014

Answer: Option B

Solution (By JKSSB Mock Tests)

e-NAM was launched in 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Commission for Minorities' is a:

A. constitutional body

B. executive body

C. statutory body

D. judicial body

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Correct Answer: Option C

Explanation:
The National Commission for Minorities is a statutory body.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is an example of a counter-cyclical fiscal policy?

A. Reducing government spending during a recession

B. Reducing taxes during a recession

C. Increasing government spending during a boom

D. Increasing taxes during a recession

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Correct Answer: Option B

Explanation:
Counter-cyclical fiscal policy aims to stabilise the economy by increasing spending or cutting taxes during downturns and doing the opposite during booms.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of demand analysis, the Engel Curve shows the relationship between:

A. Income and quantity demanded

B. Price and quantity demanded

C. Price and supply

D. Cost and output

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Correct Answer: Option A

Explanation:
The Engel Curve illustrates how the quantity demanded of a good changes as consumer income changes, holding prices constant.

This question belongs to: Economy GK Economy Set 1

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