The 'National Institution for Transforming India' was formed on: MCQ with Answer and Explanation

Question

Share Report Error

The 'National Institution for Transforming India' was formed on:

A. 26 January 2015

B. 15 August 2014

C. 1 January 2014

D. 1 January 2015

Answer: Option D

Solution (By JKSSB Mock Tests)

NITI Aayog was established on 1 January 2015.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

Which of the following is a feature of 'Herd Behaviour' in financial markets?

A. Only fundamental information drives prices

B. Imitation never occurs

C. Individuals always act independently on the basis of their own information

D. Individuals imitate the actions of others, potentially leading to cascades and excess volatility

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Herd behaviour occurs when agents follow the actions of others rather than their own private information, which can generate informational cascades, bubbles and crashes.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Which of the following is a major challenge in the Indian agricultural sector?

A. Uniform high productivity in all regions

B. Excessive mechanisation across all farms

C. Small and fragmented land holdings and dependence on monsoon

D. Complete absence of market risk

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Indian agriculture faces structural challenges including predominance of small and fragmented holdings, monsoon dependence, and low productivity in many regions.

This question belongs to: Economy GK Economy Set 1