The 'Smart Cities Mission' was launched in which year? MCQ with Answer and Explanation

The 'Smart Cities Mission' was launched in which year?
A. 2016
B. 2014
C. 2017
D. 2015
Answer: Option D
Solution (By JKSSB Mock Tests)
The Smart Cities Mission was launched in 2015.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Fiscal Dominance' refers to:
A. Complete independence of the central bank
B. Only the dominance of monetary policy
C. A situation in which fiscal policy constraints force the monetary authority to monetise deficits
D. The absence of any deficit

Correct Answer: Option C


Explanation:
Fiscal dominance occurs when the fiscal authority’s need to finance deficits constrains or dictates the behaviour of the monetary authority, often leading to inflationary monetisation.

This question belongs to: Economy GK Economy Set 1
Question #2
In India, the two most commonly used price indices for measuring inflation are:
A. GDP deflator and HDI
B. IIP and PMI
C. WPI and CPI
D. BSE and NSE

Correct Answer: Option C


Explanation:
The Wholesale Price Index and Consumer Price Index are the two main inflation measures in India.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a function of the stock exchange?
A. Mobilising savings for investment
B. Issuing new currency notes
C. Providing liquidity to securities
D. Price discovery of securities

Correct Answer: Option B


Explanation:
Issuing currency notes is the function of the central bank. Stock exchanges provide liquidity, facilitate price discovery and help mobilise savings for productive investment.

This question belongs to: Economy GK Economy Set 1