The 'Rashtriya Uchchatar Shiksha Abhiyan' is related to: MCQ with Answer and Explanation

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The 'Rashtriya Uchchatar Shiksha Abhiyan' is related to:

A. skill development

B. primary education

C. higher education

D. adult literacy

Answer: Option C

Solution (By JKSSB Mock Tests)

RUSA is a centrally sponsored scheme for higher education.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The law of demand states that, other things being equal, as price of a good rises:

A. quantity demanded rises

B. quantity demanded falls

C. demand falls

D. demand rises

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Correct Answer: Option B

Explanation:
The law of demand states an inverse relationship between price and quantity demanded.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Presidency Banks' were merged into the Imperial Bank of India in which year?

A. 1905

B. 1921

C. 1949

D. 1935

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Correct Answer: Option B

Explanation:
The three presidency banks were merged into the Imperial Bank of India in 1921.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a feature of the 'Specific Factors Model' of international trade?

A. All factors are mobile between industries

B. Only capital is mobile internationally

C. Some factors are specific to particular industries while labour is mobile between industries

D. There are no specific factors

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Correct Answer: Option C

Explanation:
In the specific-factors (Ricardo-Viner) model, each industry has a factor that is specific to it (immobile) while at least one factor (usually labour) is mobile between industries, generating clear distributional predictions of trade.

This question belongs to: Economy GK Economy Set 1

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