Which of the following is a characteristic of the 'Attention Economy'? MCQ with Answer and Explanation

Which of the following is a characteristic of the 'Attention Economy'?
A. Only traditional advertising without digital platforms
B. Attention is unlimited and has no economic value
C. Human attention is treated as a scarce resource that platforms and content providers compete to capture
D. Only physical goods matter
Answer: Option C
Solution (By JKSSB Mock Tests)
In the attention economy, the limited cognitive resource of human attention is the scarce factor that digital platforms, media and advertisers compete to attract and monetise.

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Practice More Economy Set 1 Questions

Question #1
The 'Finance Bill' is a Money Bill and can be introduced only in:
A. Lok Sabha
B. either House
C. Rajya Sabha
D. joint session

Correct Answer: Option A


Explanation:
A Money Bill including Finance Bill can be introduced only in Lok Sabha.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'General Agreement on Trade in Services' came into force in which year?
A. 2000
B. 1995
C. 2005
D. 1994

Correct Answer: Option B


Explanation:
GATS came into force in 1995 as part of WTO agreements.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the Indian planning process after 2015?
A. Complete abandonment of any form of planning
B. Replacement of Planning Commission by NITI Aayog with a focus on cooperative federalism
C. Only centralised planning without state participation
D. Continuation of Five Year Plans by Planning Commission

Correct Answer: Option B


Explanation:
In 2015, the Planning Commission was replaced by NITI Aayog, which promotes cooperative federalism, provides strategic and technical advice, and does not impose centralised Five Year Plans in the earlier form.

This question belongs to: Economy GK Economy Set 1