The 'National Skill Development Corporation' was set up as a: MCQ with Answer and Explanation

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The 'National Skill Development Corporation' was set up as a:

A. state-owned company only

B. regulatory body

C. public-private partnership

D. government department

Answer: Option C

Solution (By JKSSB Mock Tests)

NSDC is a public-private partnership for skill development.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'bandwagon effect' in consumer behaviour refers to:

A. buying goods to be different

B. buying only inferior goods

C. buying fewer goods when prices fall

D. buying goods because others are buying them

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Correct Answer: Option D

Explanation:
The bandwagon effect occurs when consumers buy more of a good because others are buying it.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Efficient Market Hypothesis' in its semi-strong form?

A. Prices reflect all publicly available information

B. Prices do not reflect any information

C. Prices reflect all information including private information

D. Prices reflect only past price information

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Correct Answer: Option A

Explanation:
The semi-strong form of the efficient market hypothesis asserts that stock prices adjust rapidly to all publicly available information, so that neither technical nor fundamental analysis can yield abnormal returns.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Education Policy' of India was released in which year?

A. 2016

B. 2019

C. 2020

D. 1986

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Correct Answer: Option C

Explanation:
The National Education Policy was released in 2020.

This question belongs to: Economy GK Economy Set 1

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