The 'SAARC' grouping includes how many member countries? MCQ with Answer and Explanation

The 'SAARC' grouping includes how many member countries?
A. 6
B. 12
C. 10
D. 8
Answer: Option D
Solution (By JKSSB Mock Tests)
SAARC has 8 member countries.

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Practice More Economy Set 1 Questions

Question #1
Nifty is a stock market index of the:
A. Commodity Exchange
B. National Stock Exchange
C. Bombay Stock Exchange
D. Securities and Exchange Board of India

Correct Answer: Option B


Explanation:
Nifty is the benchmark index of the National Stock Exchange (NSE).

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a major challenge in the Indian agricultural sector?
A. Small and fragmented land holdings and dependence on monsoon
B. Complete absence of market risk
C. Uniform high productivity in all regions
D. Excessive mechanisation across all farms

Correct Answer: Option A


Explanation:
Indian agriculture faces structural challenges including predominance of small and fragmented holdings, monsoon dependence, and low productivity in many regions.

This question belongs to: Economy GK Economy Set 1
Question #3
The term 'Structural Unemployment' arises due to:
A. Seasonal variations in demand
B. Temporary mismatch between jobs and workers
C. Changes in the structure of the economy
D. Cyclical fluctuations in economic activity

Correct Answer: Option C


Explanation:
Structural unemployment occurs due to changes in the structure of the economy, such as technological changes or decline of certain industries, creating a mismatch between skills of workers and available jobs.

This question belongs to: Economy GK Economy Set 1