The 'worker population ratio' is defined as: MCQ with Answer and Explanation

Question
The 'worker population ratio' is defined as:
A. workers divided by population in relevant age group
B. labour force divided by population
C. workers divided by total population
D. unemployed divided by labour force
Answer: Option A
Solution (By JKSSB Mock Tests)
Worker population ratio is workers as a percentage of population in the relevant age group.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The Finance Commission is constituted under which Article of the Constitution?
A. 356
B. 360
C. 324
D. 280
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Correct Answer: Option D

Explanation:
The Finance Commission is constituted under Article 280 of the Constitution.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is an advantage of a flexible exchange rate regime?
A. Automatic adjustment mechanism for balance of payments disequilibria
B. Complete insulation from all external shocks
C. Elimination of all exchange rate volatility
D. No need for any foreign exchange reserves
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Correct Answer: Option A

Explanation:
Under flexible exchange rates, the currency appreciates or depreciates automatically in response to balance of payments pressures, helping to restore equilibrium.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Inter-American Development Bank' is headquartered in:
A. Washington D.C.
B. Mexico City
C. Brasilia
D. New York
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Correct Answer: Option A

Explanation:
The Inter-American Development Bank is headquartered in Washington D.C.
This question belongs to: Economy GK Economy Set 1
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