The 'Periodic Labour Force Survey' was started in which year? MCQ with Answer and Explanation

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The 'Periodic Labour Force Survey' was started in which year?

A. 2015

B. 2018

C. 2017

D. 2019

Answer: Option C

Solution (By JKSSB Mock Tests)

PLFS was launched in 2017.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is an example of a counter-cyclical fiscal policy?

A. Reducing taxes during a recession

B. Reducing government spending during a recession

C. Increasing taxes during a recession

D. Increasing government spending during a boom

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Correct Answer: Option A

Explanation:
Counter-cyclical fiscal policy aims to stabilise the economy by increasing spending or cutting taxes during downturns and doing the opposite during booms.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Nairobi Package' of WTO was adopted in which year?

A. 2013

B. 2019

C. 2017

D. 2015

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Correct Answer: Option D

Explanation:
The Nairobi Package was adopted in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Basel Committee on Banking Supervision' is headquartered at:

A. Washington D.C.

B. London

C. Basel, Switzerland

D. Geneva

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Correct Answer: Option C

Explanation:
The Basel Committee is headquartered at the Bank for International Settlements in Basel, Switzerland.

This question belongs to: Economy GK Economy Set 1

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