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

Question

Share Report Error

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

A. NAIRU

B. NATO

C. NREGA

D. NAFTA

Answer: Option A

Solution (By JKSSB Mock Tests)

NAIRU is the non-accelerating inflation rate of unemployment.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'National Anti-profiteering Authority' was later replaced by which body under GST?

A. GST Appellate Tribunal

B. Central Board of Indirect Taxes and Customs

C. Competition Commission of India

D. GST Council

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The NAA's functions were transferred to the Competition Commission of India.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of public expenditure, 'Capital Expenditure' is characterised by:

A. Only payment of interest

B. Only payment of salaries

C. No creation of assets

D. Creation of assets or reduction of liabilities

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Capital expenditure leads to the creation of assets (such as infrastructure) or reduction of liabilities (such as repayment of loans).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Uruguay Round' of GATT negotiations concluded in:

A. 1986

B. 1990

C. 1994

D. 2000

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Uruguay Round concluded in 1994 and led to the creation of the WTO.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs