The 'RBI's Annual Report' is published by: MCQ with Answer and Explanation

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The 'RBI's Annual Report' is published by:

A. National Statistical Office

B. Ministry of Finance

C. Reserve Bank of India

D. NITI Aayog

Answer: Option C

Solution (By JKSSB Mock Tests)

The RBI publishes its Annual Report.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the 'Lucas Critique'?

A. Policy evaluation based on historical correlations remains valid under policy changes

B. Only adaptive expectations matter

C. Econometric models based on past data may fail when policy regimes change because agents alter their behaviour

D. Rational expectations are irrelevant for policy

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Correct Answer: Option C

Explanation:
The Lucas Critique argues that the parameters of traditional econometric models are not policy-invariant because economic agents change their behaviour when policy rules change.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Income Committee' was chaired by:

A. P.C. Mahalanobis

B. C.R. Krishnaswamy

C. V.K.R.V. Rao

D. D.R. Gadgil

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Correct Answer: Option A

Explanation:
The National Income Committee was chaired by P.C. Mahalanobis.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'United Nations' was founded in which year?

A. 1944

B. 1950

C. 1948

D. 1945

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Correct Answer: Option D

Explanation:
The United Nations was founded in 1945.

This question belongs to: Economy GK Economy Set 1

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