The 'natural rate of unemployment' in monetarist economics is: MCQ with Answer and Explanation

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The 'natural rate of unemployment' in monetarist economics is:

A. only cyclical unemployment

B. zero unemployment

C. the maximum unemployment

D. the unemployment rate consistent with stable inflation

Answer: Option D

Solution (By JKSSB Mock Tests)

The natural rate of unemployment is the rate consistent with stable inflation, including frictional and structural unemployment.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on water supply is:

A. 5%

B. not under GST

C. 0%

D. 18%

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Correct Answer: Option C

Explanation:
Water supply through public taps is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Atomic Energy Agency' is headquartered in:

A. Geneva

B. New York

C. Paris

D. Vienna

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Correct Answer: Option D

Explanation:
The International Atomic Energy Agency is headquartered in Vienna, Austria.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of 'Self-Preferencing' by digital platforms?

A. The equal treatment of all products on the platform

B. Only offline preferential practices

C. The practice of a platform giving preferential treatment to its own products or services over those of competitors that use the platform

D. Only the preference for third-party products

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Correct Answer: Option C

Explanation:
Self-preferencing occurs when a vertically integrated platform systematically favours its own downstream products or services in ranking, display or access to data, potentially harming competition on the platform.

This question belongs to: Economy GK Economy Set 1

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