The Sagarmala programme is related to the development of: MCQ with Answer and Explanation

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The Sagarmala programme is related to the development of:

A. airports

B. ports and coastal infrastructure

C. inland waterways only

D. highways

Answer: Option B

Solution (By JKSSB Mock Tests)

Sagarmala aims to promote port-led development and coastal infrastructure.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'OPEC' is an organization of:

A. natural gas exporters only

B. oil-exporting countries

C. oil-importing countries

D. coal exporters

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Correct Answer: Option B

Explanation:
OPEC is the Organization of the Petroleum Exporting Countries.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is an assumption of the Ricardian theory of comparative advantage?

A. There are increasing returns to scale

B. Capital is the only factor of production

C. Labour is the only factor of production and is immobile internationally

D. Labour is the only factor of production and is mobile internationally

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Correct Answer: Option C

Explanation:
Ricardo assumed a single factor (labour), constant returns, and international immobility of labour, while labour is mobile within a country.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Repo' in monetary policy stands for:

A. Reverse Purchase Order

B. Reserve Position

C. Rate of Preferential Operation

D. Repurchase Agreement

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Correct Answer: Option D

Explanation:
Repo stands for Repurchase Agreement, under which RBI lends money to banks against government securities with an agreement to repurchase them at a later date.

This question belongs to: Economy GK Economy Set 1

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