The 'National Apprenticeship Training Scheme' is under: MCQ with Answer and Explanation

The 'National Apprenticeship Training Scheme' is under:
A. Ministry of Finance
B. Ministry of Skill Development
C. Ministry of Education
D. Ministry of Agriculture
Answer: Option C
Solution (By JKSSB Mock Tests)
The National Apprenticeship Training Scheme is under the Ministry of Education.

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Practice More Economy Set 1 Questions

Question #1
The 'Giffen paradox' occurs when:
A. the income effect of a price rise dominates the substitution effect for an inferior good
B. the good is a luxury
C. the good has many substitutes
D. the substitution effect dominates the income effect

Correct Answer: Option A


Explanation:
Giffen goods have a strong negative income effect that outweighs the substitution effect, causing demand to rise with price.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Securities and Exchange Board of India' was established in 1988 but became a statutory body in:
A. 2000
B. 1992
C. 1995
D. 1990

Correct Answer: Option B


Explanation:
SEBI became a statutory body in 1992.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'replacement level fertility' is generally considered to be about how many children per woman?
A. 3.0
B. 2.1
C. 1.0
D. 4.0

Correct Answer: Option B


Explanation:
Replacement level fertility is about 2.1 children per woman.

This question belongs to: Economy GK Economy Set 1