The 'Sarva Shiksha Abhiyan' was launched in: MCQ with Answer and Explanation

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The 'Sarva Shiksha Abhiyan' was launched in:

A. 1995

B. 2005

C. 2001

D. 2010

Answer: Option C

Solution (By JKSSB Mock Tests)

Sarva Shiksha Abhiyan was launched in 2001.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Fisher equation' is expressed as:

A. MV = PT

B. Y = C + I + G

C. i = r + π

D. S = I

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Correct Answer: Option C

Explanation:
The Fisher equation is i = r + π, where i is nominal interest rate, r is real interest rate and π is inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Economic Community of West African States' promotes economic integration in:

A. South America

B. Europe

C. West Africa

D. Asia

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Correct Answer: Option C

Explanation:
ECOWAS promotes economic integration in West Africa.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of elasticity, cross elasticity of demand between two complementary goods is:

A. Positive

B. Negative

C. Zero

D. Infinity

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Correct Answer: Option B

Explanation:
For complementary goods (e.g., car and petrol), an increase in the price of one leads to a decrease in demand for the other, so cross elasticity is negative.

This question belongs to: Economy GK Economy Set 1

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