The 'National Income' estimates in India are prepared by: MCQ with Answer and Explanation

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The 'National Income' estimates in India are prepared by:

A. NITI Aayog

B. RBI

C. Ministry of Statistics and Programme Implementation

D. National Statistical Office

Answer: Option D

Solution (By JKSSB Mock Tests)

National income estimates are prepared by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Special Drawing Rights' (SDRs) is associated with:

A. Asian Development Bank

B. International Monetary Fund

C. World Bank

D. World Trade Organisation

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Correct Answer: Option B

Explanation:
Special Drawing Rights are an international reserve asset created by the International Monetary Fund to supplement member countries' official reserves.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Housing as a Human Right' implies that:

A. Only the absence of any public housing policy

B. Housing is only a private market commodity without any rights dimension

C. Adequate housing is regarded as a fundamental entitlement that states have obligations to respect, protect and fulfil

D. Only home ownership is a right

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Correct Answer: Option C

Explanation:
The recognition of housing as a human right, grounded in international human-rights instruments, entails obligations on states to ensure progressive access to adequate, affordable and secure housing for all.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Liquidity Preference' theory explains the determination of:

A. Rate of interest

B. Rent on land

C. Real wages

D. Profit rate

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Correct Answer: Option A

Explanation:
According to Keynes, the rate of interest is determined by the demand for money (liquidity preference) and the supply of money.

This question belongs to: Economy GK Economy Set 1

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