The 'Purchasing Managers' Index' for India is compiled by: MCQ with Answer and Explanation

Question

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The 'Purchasing Managers' Index' for India is compiled by:

A. S&P Global and other agencies

B. NSO

C. SEBI

D. RBI

Answer: Option A

Solution (By JKSSB Mock Tests)

India's PMI is compiled by S&P Global and other agencies.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' is collected by the central government under which component?

A. SGST

B. CGST and IGST

C. SGST only

D. UTGST only

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Correct Answer: Option B

Explanation:
The central government collects CGST and IGST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Economic Survey' in India is prepared by:

A. National Statistical Office

B. Department of Economic Affairs, Ministry of Finance

C. NITI Aayog

D. RBI

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Correct Answer: Option B

Explanation:
The Economic Survey is prepared by the Department of Economic Affairs in the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Crowding Out' is more likely to occur when:

A. The economy is in a deep recession with excess capacity

B. The economy is near full employment and interest rates rise due to government borrowing

C. There is a liquidity trap

D. Monetary policy is highly accommodative

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Correct Answer: Option B

Explanation:
Crowding out is more pronounced when the economy is close to full employment, as higher government borrowing raises interest rates and reduces private investment.

This question belongs to: Economy GK Economy Set 1

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