The 'trickle-down theory' of development suggests that benefits of growth: MCQ with Answer and Explanation

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The 'trickle-down theory' of development suggests that benefits of growth:

A. are absent

B. remain only with the rich

C. eventually spread to the poor

D. only benefit the government

Answer: Option C

Solution (By JKSSB Mock Tests)

Trickle-down theory suggests that growth benefits eventually reach the poor.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of international climate finance, the 'Loss and Damage' agenda refers to:

A. Only mitigation finance

B. Support for developing countries facing irreversible impacts of climate change that cannot be adapted to

C. Only adaptation finance within national borders

D. Only private insurance markets

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Correct Answer: Option B

Explanation:
Loss and damage refers to the adverse effects of climate change that cannot be avoided through mitigation or adaptation; the agenda seeks financial and technical support for particularly vulnerable countries.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Integrated GST' on interstate supply is collected by:

A. the consuming state directly

B. the exporting state

C. the Central Government

D. the local body

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Correct Answer: Option C

Explanation:
IGST is collected by the Central Government and then apportioned between Centre and states.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Fiscal Responsibility and Budget Management Act' applies to:

A. Private companies

B. RBI only

C. State governments only

D. Central Government

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Correct Answer: Option D

Explanation:
The FRBM Act primarily applies to the Central Government.

This question belongs to: Economy GK Economy Set 1

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