The Rostow stages of growth model lists which of the following as the first stage? MCQ with Answer and Explanation

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The Rostow stages of growth model lists which of the following as the first stage?

A. Traditional society

B. Drive to maturity

C. Take-off

D. Age of high mass consumption

Answer: Option A

Solution (By JKSSB Mock Tests)

Rostow's first stage is traditional society, followed by preconditions for take-off, take-off, etc.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on helicopter services is:

A. 12%

B. 5%

C. 18%

D. 28%

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Correct Answer: Option C

Explanation:
Helicopter services attract 18% GST, with some exemptions for pilgrimage.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a major reason for the growth of the service sector in India?

A. Only agricultural growth

B. Liberalisation, IT revolution and rising incomes

C. Decline in demand for services

D. Complete absence of industrial growth

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Correct Answer: Option B

Explanation:
The service sector in India has grown rapidly due to economic liberalisation, the information technology revolution, rising incomes and global demand for services such as software and BPO.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'New Development Bank' established by BRICS countries is headquartered in:

A. Shanghai

B. Moscow

C. New Delhi

D. Beijing

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Correct Answer: Option A

Explanation:
The New Development Bank is headquartered in Shanghai, China.

This question belongs to: Economy GK Economy Set 1

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