The 'National Income' estimates in India are published with a base year of: MCQ with Answer and Explanation

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The 'National Income' estimates in India are published with a base year of:

A. 2004-05

B. 2020-21

C. 2011-12

D. 2016-17

Answer: Option C

Solution (By JKSSB Mock Tests)

The national accounts series uses 2011-12 as the base year.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Paris Agreement' on climate change was adopted in which year?

A. 2015

B. 2012

C. 2018

D. 2016

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Correct Answer: Option A

Explanation:
The Paris Agreement was adopted in 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Human Development Index' includes indicators of:

A. only education and health

B. income, education and health

C. income, environment and defence

D. only income

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Correct Answer: Option B

Explanation:
HDI combines per capita income, education and life expectancy indicators.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of monetary economics, the 'Liquidity Effect' of an increase in the money supply refers to:

A. The long-run rise in interest rates

B. The short-run decline in nominal interest rates caused by an increase in liquidity

C. Only the rise in output

D. Only the rise in prices

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Correct Answer: Option B

Explanation:
The liquidity effect is the tendency for an exogenous increase in the money supply to lower nominal interest rates in the short run as the supply of loanable funds increases.

This question belongs to: Economy GK Economy Set 1

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