The 'National Commission for Protection of Child Rights' is a: MCQ with Answer and Explanation

The 'National Commission for Protection of Child Rights' is a:
A. constitutional body
B. judicial body
C. statutory body
D. private body
Answer: Option C
Solution (By JKSSB Mock Tests)
NCPCR is a statutory body under the Commissions for Protection of Child Rights Act, 2005.

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Practice More Economy Set 1 Questions

Question #1
In the context of labour-market institutions, the 'Ghent System' refers to:
A. Only government-run unemployment insurance with no union role
B. Only private insurance markets
C. A system in which trade unions play a major role in the administration of unemployment insurance, contributing to high union density
D. A pure market system without any unions

Correct Answer: Option C


Explanation:
The Ghent system, historically associated with certain Nordic and Low Countries, links unemployment benefits to union membership or administration, thereby providing a selective incentive for workers to join unions.

This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Diminishing Marginal Utility' was developed by:
A. David Ricardo
B. Karl Marx
C. H.H. Gossen and later popularised by others
D. Adam Smith

Correct Answer: Option C


Explanation:
The law of diminishing marginal utility was first stated by H.H. Gossen and later developed and popularised by economists like Jevons, Menger and Marshall.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Inter-American Development Bank' is headquartered in:
A. Mexico City
B. Brasilia
C. New York
D. Washington D.C.

Correct Answer: Option D


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

This question belongs to: Economy GK Economy Set 1