The 'National Income Committee' was chaired by: MCQ with Answer and Explanation

The 'National Income Committee' was chaired by:
A. C.R. Krishnaswamy
B. P.C. Mahalanobis
C. D.R. Gadgil
D. V.K.R.V. Rao
Answer: Option B
Solution (By JKSSB Mock Tests)
The National Income Committee was chaired by P.C. Mahalanobis.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the Indian monetary system?
A. Complete free floating without RBI role
B. Managed floating exchange rate with inflation targeting
C. Gold standard
D. Fixed exchange rate without any intervention

Correct Answer: Option B


Explanation:
India follows a managed floating exchange rate regime and has adopted a flexible inflation targeting framework for monetary policy.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Just Energy Transition Partnerships'?
A. Only domestic energy policies without international support
B. Only rapid phase-outs without social safeguards
C. International partnerships that provide financial and technical support to developing countries for a just and equitable transition away from coal and other fossil fuels
D. Only private-sector initiatives without public finance

Correct Answer: Option C


Explanation:
Just Energy Transition Partnerships are collaborative arrangements in which developed countries and international institutions mobilise finance and expertise to support developing countries in transitioning away from coal while protecting affected workers and communities.

This question belongs to: Economy GK Economy Set 1
Question #3
An isoquant shows different combinations of two inputs that produce:
A. maximum profit
B. different levels of output
C. minimum cost
D. the same level of output

Correct Answer: Option D


Explanation:
An isoquant is a curve showing all combinations of two inputs that yield the same level of output.

This question belongs to: Economy GK Economy Set 1