The 'World Economic Forum' publishes which index? MCQ with Answer and Explanation

Question

Share Report Error

The 'World Economic Forum' publishes which index?

A. Corruption Perceptions Index

B. Logistics Performance Index

C. Human Development Index

D. Global Competitiveness Index

Answer: Option D

Solution (By JKSSB Mock Tests)

WEF publishes Global Competitiveness Index.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The concept of 'Horizontal Equity' in taxation requires that:

A. Individuals with the same ability to pay should pay the same tax

B. Taxes should be independent of ability to pay

C. Individuals with higher ability to pay should pay proportionally more

D. Only vertical equity matters

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Horizontal equity is the principle that taxpayers with equal capacity to pay (usually measured by income or wealth) should bear equal tax burdens.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Under perfect competition, the demand curve of a firm is:

A. perfectly elastic

B. downward sloping

C. perfectly inelastic

D. upward sloping

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
A perfectly competitive firm faces a horizontal demand curve at the market price.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Goods and Services Tax' is often described as a game-changing reform because it:

A. increased direct tax

B. removed all taxes

C. increased many taxes

D. unified the Indian market and simplified indirect taxes

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
GST unified the Indian market and simplified indirect taxation.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs