The 'National Statistical Office' was formed by merging: MCQ with Answer and Explanation

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The 'National Statistical Office' was formed by merging:

A. Labour Bureau and NSSO

B. CSO and NSSO

C. RBI and SEBI

D. CSO and Labour Bureau

Answer: Option B

Solution (By JKSSB Mock Tests)

NSO was formed by merging Central Statistics Office and National Sample Survey Office.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the 'Fear of Floating' phenomenon identified by Calvo and Reinhart?

A. Many emerging-market countries that claim to float actually intervene heavily to limit exchange-rate volatility

B. All countries freely float without intervention

C. Only advanced economies fear floating

D. Floating is always preferred to pegging

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Correct Answer: Option A

Explanation:
Fear of floating describes the empirical regularity that many countries officially classified as floaters in fact intervene frequently and allow only limited exchange-rate variability, often because of balance-sheet vulnerabilities.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of the Indian economy, the demographic dividend can be harnessed through:

A. Increasing the dependency ratio

B. Investing in education, skill development and job creation for the working-age population

C. Reducing the labour force participation rate

D. Raising the fertility rate continuously

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Correct Answer: Option B

Explanation:
To realise the demographic dividend, a country must invest in human capital and create productive employment opportunities for its large working-age population.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Insolvency and Bankruptcy Board of India' regulates:

A. banks only

B. insurance companies

C. insolvency professionals and agencies

D. stock exchanges

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Correct Answer: Option C

Explanation:
IBBI regulates insolvency professionals, agencies and information utilities.

This question belongs to: Economy GK Economy Set 1

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