Which of the following is a feature of the 'Beyond GDP' movement? MCQ with Answer and Explanation

Which of the following is a feature of the 'Beyond GDP' movement?
A. The complete abandonment of any quantitative indicators
B. The rejection of all economic statistics
C. The exclusive focus on GDP growth
D. The search for broader indicators of well-being and sustainability that complement or go beyond GDP
Answer: Option D
Solution (By JKSSB Mock Tests)
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.

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Practice More Economy Set 1 Questions

Question #1
The 'intermediate consumption' in national accounting refers to:
A. export goods
B. capital goods
C. goods and services used up in production
D. final goods bought by households

Correct Answer: Option C


Explanation:
Intermediate consumption is the value of goods and services used as inputs in production.

This question belongs to: Economy GK Economy Set 1
Question #2
Real Time Gross Settlement is a payment system that:
A. settles only retail transactions
B. settles high-value transactions individually in real time
C. does not require a bank account
D. settles transactions in batches

Correct Answer: Option B


Explanation:
RTGS settles high-value transactions individually and in real time.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' rate on books is:
A. 12%
B. 18%
C. 0%
D. 5%

Correct Answer: Option C


Explanation:
Printed books are exempt from GST.

This question belongs to: Economy GK Economy Set 1