The 'Special Economic Zones Act' was enacted in India in which year? MCQ with Answer and Explanation

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The 'Special Economic Zones Act' was enacted in India in which year?

A. 2006

B. 2000

C. 2005

D. 2010

Answer: Option C

Solution (By JKSSB Mock Tests)

The SEZ Act was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Doha Development Agenda' was launched in which year?

A. 1999

B. 2005

C. 2001

D. 2003

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Correct Answer: Option C

Explanation:
The Doha Development Agenda was launched in 2001.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Initiative for Developing and Harnessing Innovations' supports:

A. banking technology

B. agricultural research only

C. defence manufacturing only

D. innovation and entrepreneurship

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Correct Answer: Option D

Explanation:
NIDHI supports innovation and entrepreneurship.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Second-Generation' models of currency crises?

A. Crises are caused only by inconsistent fiscal policy

B. Only current-account deficits matter

C. Crises can be self-fulfilling and depend on the government’s trade-off between the benefits of maintaining the peg and the costs of doing so

D. Crises never involve multiple equilibria

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Correct Answer: Option C

Explanation:
Second-generation models emphasise that the decision to abandon a peg depends on policy trade-offs; expectations of devaluation can themselves raise the cost of defending the peg, generating self-fulfilling crises and multiple equilibria.

This question belongs to: Economy GK Economy Set 1

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