The 'non-accelerating inflation rate of unemployment' is called: MCQ with Answer and Explanation

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The 'non-accelerating inflation rate of unemployment' is called:

A. NAFTA

B. NATO

C. NAIRU

D. NREGA

Answer: Option C

Solution (By JKSSB Mock Tests)

NAIRU is the non-accelerating inflation rate of unemployment.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a major problem of the agricultural sector in India?

A. Excessive capital intensity

B. High productivity across all regions

C. Fragmentation of land holdings

D. Overabundance of irrigation facilities

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Correct Answer: Option C

Explanation:
Fragmentation and subdivision of land holdings is a major structural problem in Indian agriculture, leading to uneconomic farm sizes and low productivity.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'investment multiplier' is greater when the marginal propensity to consume is:

A. lower

B. negative

C. higher

D. zero

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Correct Answer: Option C

Explanation:
The multiplier is higher when MPC is higher because more of each income increase is spent.

This question belongs to: Economy GK Economy Set 1

Question #3

Under NPA classification, a substandard asset is one that has remained NPA for:

A. less than 6 months

B. more than 5 years

C. 12 months or less

D. only 30 days

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Correct Answer: Option C

Explanation:
A substandard asset is one that has remained NPA for up to 12 months.

This question belongs to: Economy GK Economy Set 1

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