The National Infrastructure Pipeline originally aimed to invest how much in infrastructure between 2020 and 2025? MCQ with Answer and Explanation

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The National Infrastructure Pipeline originally aimed to invest how much in infrastructure between 2020 and 2025?

A. Rs 25 lakh crore

B. Rs 50 lakh crore

C. Rs 200 lakh crore

D. Rs 100 lakh crore

Answer: Option D

Solution (By JKSSB Mock Tests)

The National Infrastructure Pipeline aimed at investments of Rs 111 lakh crore (about Rs 100 lakh crore) during 2020-25.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on IT services is:

A. 18%

B. 12%

C. 5%

D. 28%

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Correct Answer: Option A

Explanation:
IT services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Feldstein-Horioka Puzzle' refers to:

A. The observation that domestic saving and domestic investment are highly correlated despite capital mobility

B. The puzzle of why interest rates are equalised

C. The observation that saving and investment are completely uncorrelated

D. The puzzle of purchasing power parity deviations only

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Correct Answer: Option A

Explanation:
The Feldstein-Horioka puzzle is the empirical finding of a high correlation between domestic saving and domestic investment rates, which appears inconsistent with perfect international capital mobility.

This question belongs to: Economy GK Economy Set 1

Question #3

Price elasticity of demand is measured as:

A. percentage change in quantity demanded divided by percentage change in price

B. change in price divided by change in quantity

C. percentage change in price divided by percentage change in quantity demanded

D. change in quantity divided by change in price

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Correct Answer: Option A

Explanation:
Price elasticity of demand is the percentage change in quantity demanded divided by the percentage change in price.

This question belongs to: Economy GK Economy Set 1

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