The 'National Stock Exchange' was established in: MCQ with Answer and Explanation

Question
The 'National Stock Exchange' was established in:
A. 1875
B. 1995
C. 1992
D. 2000
Answer: Option C
Solution (By JKSSB Mock Tests)
NSE was established in 1992.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The 'UDAY' scheme was launched by the Ministry of:
A. Power
B. Finance
C. Rural Development
D. Petroleum
Discuss
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Correct Answer: Option A

Explanation:
UDAY was launched by the Ministry of Power for DISCOM financial turnaround.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Impossible Trinity' in open economy macroeconomics?
A. A country can achieve only two of the three: fixed exchange rate, free capital flows and monetary independence
B. Only fiscal policy is constrained
C. All three objectives are always compatible
D. A country can simultaneously maintain a fixed exchange rate, free capital mobility and independent monetary policy
Discuss
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Correct Answer: Option A

Explanation:
The impossible trinity (or trilemma) states that it is impossible for a country to maintain a fixed exchange rate, free capital mobility and an independent monetary policy at the same time.
This question belongs to: Economy GK Economy Set 1
Question #3
The slope of an isocost line is equal to:
A. negative price of labour divided by price of capital
B. total cost divided by output
C. price of labour divided by price of capital
D. price of capital divided by price of labour
Discuss
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Correct Answer: Option A

Explanation:
The isocost line slope is the negative ratio of input prices, typically -w/r, where w is labour price and r is capital price.
This question belongs to: Economy GK Economy Set 1
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