The 'unbalanced growth theory' was proposed by: MCQ with Answer and Explanation

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The 'unbalanced growth theory' was proposed by:

A. Paul Rosenstein-Rodan

B. Arthur Lewis

C. Albert Hirschman

D. John Maynard Keynes

Answer: Option C

Solution (By JKSSB Mock Tests)

Albert Hirschman proposed the theory of unbalanced growth.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Wholesale Price Index' in India is released by:

A. RBI

B. NSO

C. Labour Bureau

D. Office of Economic Adviser, Ministry of Commerce and Industry

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Correct Answer: Option D

Explanation:
WPI is released by the Office of Economic Adviser.

This question belongs to: Economy GK Economy Set 1

Question #2

The Wholesale Price Index in India measures price movements of:

A. services only

B. agricultural products only

C. goods only

D. goods and services

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Correct Answer: Option C

Explanation:
WPI measures price movements of goods only; it does not include services.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on cheese is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option A

Explanation:
Cheese attracts 12% GST.

This question belongs to: Economy GK Economy Set 1

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