The 'real interest rate' is approximately equal to: MCQ with Answer and Explanation

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The 'real interest rate' is approximately equal to:

A. nominal interest rate divided by inflation

B. nominal interest rate minus inflation

C. nominal interest rate plus inflation

D. inflation minus nominal interest rate

Answer: Option B

Solution (By JKSSB Mock Tests)

Real interest rate ≈ nominal interest rate - inflation rate.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a characteristic of the Indian planning experience?

A. Only focus on industrialisation without social objectives

B. Evolution from centralised planning to indicative planning and cooperative federalism

C. Complete abandonment of growth objectives

D. Exclusive reliance on market forces without any state role

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Correct Answer: Option B

Explanation:
Indian planning evolved from the centralised Five Year Plans of the Planning Commission era to a more indicative and cooperative federal approach under NITI Aayog.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'World Economic Forum' publishes which report?

A. World Development Report

B. Global Financial Stability Report

C. World Economic Outlook

D. Global Competitiveness Report

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Correct Answer: Option D

Explanation:
WEF publishes the Global Competitiveness Report.

This question belongs to: Economy GK Economy Set 1

Question #3

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

A. 2019

B. 2015

C. 2018

D. 2017

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Correct Answer: Option D

Explanation:
PLFS was launched in 2017.

This question belongs to: Economy GK Economy Set 1

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