The 'Regional Comprehensive Economic Partnership' was signed in which year? MCQ with Answer and Explanation

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The 'Regional Comprehensive Economic Partnership' was signed in which year?

A. 2020

B. 2015

C. 2022

D. 2021

Answer: Option A

Solution (By JKSSB Mock Tests)

RCEP was signed in November 2020.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The natural rate of unemployment includes:

A. frictional and structural unemployment

B. only disguised unemployment

C. only open unemployment

D. cyclical and seasonal unemployment

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Correct Answer: Option A

Explanation:
The natural rate of unemployment consists of frictional and structural unemployment.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'First Advance Estimates' of GDP for a financial year in India are released by:

A. NITI Aayog

B. National Statistical Office

C. Ministry of Finance

D. RBI

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Correct Answer: Option B

Explanation:
The NSO releases advance estimates of GDP.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Cheque Truncation System' processes cheques by:

A. destroying all cheques

B. converting cheques into cash immediately

C. transmitting electronic image of the cheque

D. physically moving cheques to the paying bank

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Correct Answer: Option C

Explanation:
CTS processes cheques by transmitting electronic images rather than moving physical cheques.

This question belongs to: Economy GK Economy Set 1

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