The Tendulkar Committee is associated with: MCQ with Answer and Explanation

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The Tendulkar Committee is associated with:

A. poverty estimation methodology

B. tax reforms

C. banking reforms

D. agriculture credit

Answer: Option A

Solution (By JKSSB Mock Tests)

The Tendulkar Committee recommended a new methodology for poverty estimation.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the 'New Institutional Economics' approach?

A. It assumes zero transaction costs always

B. It focuses only on technological change

C. It emphasises the role of institutions, property rights and transaction costs in economic performance

D. It ignores institutions completely

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Correct Answer: Option C

Explanation:
New Institutional Economics, associated with Coase, North and Williamson, analyses how institutions, property-rights structures and transaction costs shape economic behaviour and long-run performance.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Safeguard duty' is imposed under WTO rules to:

A. tax all exports

B. promote free trade

C. temporarily protect domestic industry from a sudden surge in imports

D. permanently ban imports

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Correct Answer: Option C

Explanation:
Safeguard duty is a temporary measure to protect domestic industry from an import surge.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Coinage Act' in India is administered by:

A. SBI

B. RBI

C. SEBI

D. Government of India

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Correct Answer: Option D

Explanation:
Coins are issued by the Government of India under the Coinage Act.

This question belongs to: Economy GK Economy Set 1

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