The 'National Manufacturing Policy' was released in which year? MCQ with Answer and Explanation

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The 'National Manufacturing Policy' was released in which year?

A. 2005

B. 2014

C. 2017

D. 2011

Answer: Option D

Solution (By JKSSB Mock Tests)

The National Manufacturing Policy was released in 2011.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Cyclical unemployment is caused by:

A. seasonal changes

B. lack of aggregate demand during economic downturns

C. trade union pressure

D. mismatch of skills

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Correct Answer: Option B

Explanation:
Cyclical unemployment is caused by deficient aggregate demand during recessions.

This question belongs to: Economy GK Economy Set 1

Question #2

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

A. The puzzle of why interest rates are equalised

B. The puzzle of purchasing power parity deviations only

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

D. The observation that saving and investment are completely uncorrelated

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Correct Answer: Option C

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

Which of the following is NOT a type of foreign investment?

A. External Commercial Borrowings

B. Domestic bank deposits by residents

C. Foreign Direct Investment

D. Foreign Portfolio Investment

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Correct Answer: Option B

Explanation:
Domestic bank deposits by residents are not foreign investment. FDI, FPI and ECBs represent different forms of foreign capital inflows.

This question belongs to: Economy GK Economy Set 1

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