The 'Startup India' action plan was launched in which year? MCQ with Answer and Explanation

Question
The 'Startup India' action plan was launched in which year?
A. 2017
B. 2016
C. 2014
D. 2018
Answer: Option B
Solution (By JKSSB Mock Tests)
Startup India was launched in January 2016.
This question belongs to: Economy GK Economy Set 1
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Question #1
Bharat Broadband Network Limited is associated with:
A. rural water supply
B. National Optical Fibre Network
C. road construction
D. port development
Discuss
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Correct Answer: Option B

Explanation:
Bharat Broadband Network Limited implements the National Optical Fibre Network for broadband connectivity.
This question belongs to: Economy GK Economy Set 1
Question #2
In the context of public finance, 'Vertical Fiscal Imbalance' refers to:
A. Mismatch between revenue-raising powers and expenditure responsibilities across different levels of government
B. Imbalance between revenue and expenditure of the same level of government
C. Imbalance between capital and revenue budgets only
D. Only the primary deficit
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Correct Answer: Option A

Explanation:
Vertical fiscal imbalance arises when the revenue powers and expenditure responsibilities of different tiers of government (Centre and States) are mismatched.
This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Multiplier' in Keynesian economics is larger when:
A. Marginal propensity to save is higher
B. Tax rate is higher
C. Marginal propensity to consume is lower
D. Marginal propensity to consume is higher
Discuss
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Correct Answer: Option D

Explanation:
The investment multiplier = 1/(1−MPC). A higher marginal propensity to consume leads to a larger multiplier effect on income.
This question belongs to: Economy GK Economy Set 1
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