The 'National Intellectual Property Rights Policy' was released in India in which year? MCQ with Answer and Explanation

The 'National Intellectual Property Rights Policy' was released in India in which year?
A. 2013
B. 2018
C. 2016
D. 2020
Answer: Option C
Solution (By JKSSB Mock Tests)
The National IPR Policy was released in 2016.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is NOT a function of commercial banks?
A. Issuing currency notes
B. Accepting deposits
C. Credit creation
D. Providing loans and advances

Correct Answer: Option A


Explanation:
Issuing currency notes is the sole prerogative of the Reserve Bank of India. Commercial banks accept deposits, provide loans and create credit.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Digital rupee' is a central bank digital currency that has been launched by RBI in a pilot.
A. Only for foreign trade
B. False
C. True
D. Only for banks

Correct Answer: Option C


Explanation:
RBI has launched pilot projects for the Digital Rupee, a central bank digital currency.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Beyond GDP' movement?
A. The rejection of all economic statistics
B. The search for broader indicators of well-being and sustainability that complement or go beyond GDP
C. The exclusive focus on GDP growth
D. The complete abandonment of any quantitative indicators

Correct Answer: Option B


Explanation:
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.

This question belongs to: Economy GK Economy Set 1