The 'replacement level fertility' is generally considered to be about how many children per woman? MCQ with Answer and Explanation

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The 'replacement level fertility' is generally considered to be about how many children per woman?

A. 3.0

B. 2.1

C. 4.0

D. 1.0

Answer: Option B

Solution (By JKSSB Mock Tests)

Replacement level fertility is about 2.1 children per woman.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the Indian tax system?

A. Only direct taxes

B. Both direct and indirect taxes

C. No progressive taxation

D. Only indirect taxes

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Correct Answer: Option B

Explanation:
The Indian tax system consists of both direct taxes (income tax, corporation tax) and indirect taxes (GST, customs duty), with progressive elements in direct taxes.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'United Nations Office at Geneva' is the second largest UN centre after:

A. New York

B. Paris

C. Vienna

D. Nairobi

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Correct Answer: Option A

Explanation:
Geneva is the second largest UN centre after New York.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Sunk Cost' is important because:

A. It should always be considered in future decision making

B. It increases with output in the long run

C. It is a cost that has already been incurred and should be ignored in future decisions

D. It is the only cost relevant for pricing

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Correct Answer: Option C

Explanation:
Sunk costs are costs that have already been incurred and cannot be recovered. Rational decision-making requires ignoring sunk costs and focusing on future (incremental) costs and benefits.

This question belongs to: Economy GK Economy Set 1

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