The 'National Hydrogen Mission' aims to promote: MCQ with Answer and Explanation

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The 'National Hydrogen Mission' aims to promote:

A. green hydrogen production and use

B. biofuel only

C. coal energy

D. nuclear energy

Answer: Option A

Solution (By JKSSB Mock Tests)

The National Hydrogen Mission promotes green hydrogen.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The call money market deals in:

A. corporate equity shares

B. foreign exchange only

C. very short-term interbank funds, usually overnight

D. long-term government securities

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Correct Answer: Option C

Explanation:
The call money market deals in very short-term interbank funds, often overnight.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Invisible Trade' in the balance of payments refers to:

A. Trade in services, income and transfers

B. Only capital transfers

C. Trade in goods only

D. Only foreign direct investment

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Correct Answer: Option A

Explanation:
Invisible trade (or invisibles) includes trade in services (such as tourism, software, transportation), income (interest, dividends) and unilateral transfers.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of consumer theory, the budget line represents:

A. Combinations of goods that give the same utility

B. Combinations of goods that can be purchased with a given income and prices

C. Combinations of prices that maximise profit

D. Combinations of inputs that give the same output

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Correct Answer: Option B

Explanation:
The budget line shows all possible combinations of two goods that a consumer can afford given his money income and the prices of the goods.

This question belongs to: Economy GK Economy Set 1

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