The 'National Career Service' portal is an initiative of: MCQ with Answer and Explanation

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The 'National Career Service' portal is an initiative of:

A. NITI Aayog

B. Ministry of Education

C. Ministry of Labour and Employment

D. Ministry of Finance

Answer: Option C

Solution (By JKSSB Mock Tests)

National Career Service is an initiative of the Ministry of Labour and Employment.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Stand-Up India' scheme was launched in which year?

A. 2018

B. 2017

C. 2016

D. 2014

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Correct Answer: Option C

Explanation:
Stand-Up India was launched in 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a component of the Human Development Report of UNDP?

A. Only domestic fiscal deficit data

B. Wholesale Price Index of India only

C. Human Development Index, Gender Inequality Index and Multidimensional Poverty Index

D. Only exchange rate data of one country

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Correct Answer: Option C

Explanation:
The Human Development Report publishes a range of indices including HDI, GII, MPI and other measures of human progress and deprivation.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'J-Curve Effect' in international economics refers to:

A. Initial worsening of trade balance after depreciation followed by improvement

B. Immediate improvement in trade balance after depreciation

C. Continuous deterioration of trade balance

D. No effect of exchange rate on trade balance

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Correct Answer: Option A

Explanation:
The J-curve effect describes the pattern where a currency depreciation first worsens the trade balance (due to existing contracts) before improving it as quantities adjust.

This question belongs to: Economy GK Economy Set 1

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