The 'supply-side economics' emphasizes which policies? MCQ with Answer and Explanation

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The 'supply-side economics' emphasizes which policies?

A. reducing tax rates and regulation to increase output

B. raising taxes

C. increasing aggregate demand

D. increasing money supply

Answer: Option A

Solution (By JKSSB Mock Tests)

Supply-side economics emphasizes lower taxes and reduced regulation to stimulate production.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Fiscal Space' refers to:

A. Only the primary surplus

B. The room available for a government to increase spending or reduce taxes without endangering debt sustainability

C. The physical space occupied by government offices

D. Only the revenue deficit

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Correct Answer: Option B

Explanation:
Fiscal space is the budgetary room that allows a government to provide resources for desired purposes without compromising fiscal sustainability or crowding out private investment excessively.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'World Health Organization' is headquartered in:

A. Geneva

B. Rome

C. Paris

D. New York

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Correct Answer: Option A

Explanation:
The World Health Organization is headquartered in Geneva.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Mahalanobis model used in Indian planning?

A. Complete reliance on private sector investment

B. Focus on export-led growth only

C. Emphasis on agriculture and consumer goods

D. Emphasis on heavy industries and capital goods sector

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Correct Answer: Option D

Explanation:
The Mahalanobis model, used in the Second Five Year Plan, stressed the development of heavy and capital goods industries to build a strong industrial base.

This question belongs to: Economy GK Economy Set 1

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