The 'Startup India' action plan was launched in: MCQ with Answer and Explanation

The 'Startup India' action plan was launched in:
A. 2016
B. 2014
C. 2018
D. 2017
Answer: Option A
Solution (By JKSSB Mock Tests)
Startup India was launched in January 2016.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the 'J-Curve' effect?
A. After a depreciation, the trade balance first deteriorates before improving
B. Appreciation always improves the trade balance
C. Depreciation has no effect on the trade balance
D. After a depreciation, the trade balance improves immediately

Correct Answer: Option A


Explanation:
The J-curve describes the short-run deterioration of the trade balance following a depreciation (because quantities adjust slowly while prices change immediately), followed by a longer-run improvement.

This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Natural Capital' in environmental economics refers to:
A. Only human skills
B. Only physical capital produced by humans
C. Only financial capital
D. The stock of natural resources and ecosystems that provide goods and services to the economy

Correct Answer: Option D


Explanation:
Natural capital comprises the world’s stocks of natural assets—geology, soil, air, water and all living things—from which humans derive a wide range of ecosystem services.

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

Correct Answer: Option D


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