The 'Yojana Aayog' is the Hindi name for: MCQ with Answer and Explanation

Question

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The 'Yojana Aayog' is the Hindi name for:

A. Planning Commission

B. Finance Commission

C. GST Council

D. NITI Aayog

Answer: Option A

Solution (By JKSSB Mock Tests)

The Planning Commission was known as Yojana Aayog in Hindi.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'European Union' currently has how many member countries after Brexit?

A. 27

B. 30

C. 28

D. 25

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Correct Answer: Option A

Explanation:
After Brexit, the EU has 27 member states.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Debt to GDP ratio' in India is monitored as part of which framework?

A. FRBM fiscal policy framework

B. Exchange rate policy

C. Monetary policy framework

D. Trade policy

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Correct Answer: Option A

Explanation:
Debt to GDP ratio is a key parameter under the FRBM framework.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a feature of the Classical model of the economy?

A. Flexible wages and prices ensuring continuous full employment

B. Importance of aggregate demand in determining output

C. Sticky wages and prices

D. Possibility of liquidity trap

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Correct Answer: Option A

Explanation:
The Classical model assumes flexible wages and prices that adjust continuously to maintain full employment equilibrium.

This question belongs to: Economy GK Economy Set 1

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