The 'National Education Policy' of India was released in which year? MCQ with Answer and Explanation

Question

Share Report Error

The 'National Education Policy' of India was released in which year?

A. 2019

B. 2020

C. 2016

D. 1986

Answer: Option B

Solution (By JKSSB Mock Tests)

The National Education Policy was released in 2020.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

Which of the following is a characteristic of the long-run equilibrium under monopolistic competition?

A. Price equals minimum average cost

B. Firms earn supernormal profits

C. Firms earn only normal profits and operate with excess capacity

D. Firms produce at the lowest point of the LAC curve

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
In the long run, free entry eliminates supernormal profits under monopolistic competition. Firms operate on the falling portion of their LAC curve, implying excess capacity.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The concept of 'Precautionary Saving' arises because:

A. Individuals save more when future income is uncertain

B. Saving is independent of uncertainty

C. Individuals save only for retirement

D. Only permanent income matters

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Precautionary saving is additional saving undertaken by risk-averse agents to buffer against future income or expenditure uncertainty.

This question belongs to: Economy GK Economy Set 1