The 'occupational safety, health and working conditions code' was passed in which year? MCQ with Answer and Explanation

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The 'occupational safety, health and working conditions code' was passed in which year?

A. 2019

B. 2020

C. 2021

D. 2022

Answer: Option B

Solution (By JKSSB Mock Tests)

The OSH Code was passed in 2020.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the classical theory of employment?

A. Possibility of underemployment equilibrium

B. Liquidity trap

C. Importance of effective demand

D. Full employment as a normal condition

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Correct Answer: Option D

Explanation:
Classical theory assumes that the economy always tends towards full employment through flexible wages and prices. Underemployment equilibrium and liquidity trap are Keynesian concepts.

This question belongs to: Economy GK Economy Set 1

Question #2

A mutual fund pools money from investors to invest in:

A. only fixed deposits

B. a diversified portfolio of securities

C. only government bonds

D. only real estate

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Correct Answer: Option B

Explanation:
A mutual fund invests pooled investor funds in a diversified portfolio of securities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Income' in India was first estimated by:

A. R.C. Dutt

B. P.C. Mahalanobis

C. V.K.R.V. Rao

D. Dadabhai Naoroji

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Correct Answer: Option C

Explanation:
V.K.R.V. Rao made the first scientific estimate of India's national income.

This question belongs to: Economy GK Economy Set 1

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