The 'Washington Consensus' refers to a set of policies emphasizing: MCQ with Answer and Explanation

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The 'Washington Consensus' refers to a set of policies emphasizing:

A. nationalization

B. import substitution and state control

C. trade barriers

D. liberalization, privatization and macroeconomic stability

Answer: Option D

Solution (By JKSSB Mock Tests)

The Washington Consensus emphasized liberalization, privatization and macroeconomic stability.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Rangarajan Committee' on poverty submitted its report in which year?

A. 2011

B. 2016

C. 2018

D. 2014

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Correct Answer: Option D

Explanation:
The Rangarajan Committee on poverty submitted its report in 2014.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on life insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is:

A. exempt

B. 18%

C. 5%

D. 0%

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Correct Answer: Option A

Explanation:
PMJJBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Payment of Bonus Act' was enacted in India in which year?

A. 1956

B. 1965

C. 1972

D. 1976

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Correct Answer: Option B

Explanation:
The Payment of Bonus Act was enacted in 1965.

This question belongs to: Economy GK Economy Set 1

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