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. only benefit the government

C. remain only with the rich

D. eventually spread to the poor

Answer: Option D

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

The 'Goods and Services Tax' on air travel business class is:

A. 28%

B. 5%

C. 18%

D. 12%

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Correct Answer: Option D

Explanation:
Business class air travel is 12% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a major challenge for the Indian economy?

A. High level of human development across all states equally

B. Complete self-sufficiency in all goods

C. Regional disparities and unemployment

D. Absence of informal sector

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Correct Answer: Option C

Explanation:
Regional disparities in development and persistent unemployment (especially youth and disguised unemployment) remain significant challenges for the Indian economy.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Development Council' was constituted in which year?

A. 1950

B. 1956

C. 1952

D. 1969

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Correct Answer: Option C

Explanation:
The National Development Council was constituted in 1952.

This question belongs to: Economy GK Economy Set 1

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