Which of the following is a feature of the Classical Quantity Theory of Money? MCQ with Answer and Explanation

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Which of the following is a feature of the Classical Quantity Theory of Money?

A. Velocity of money is unstable

B. Money is neutral and affects only prices in the long run

C. Interest rates determine money demand primarily

D. Output is demand-determined

Answer: Option B

Solution (By JKSSB Mock Tests)

In the classical framework, money is neutral in the long run; changes in money supply affect only the price level, not real variables.

This question belongs to: Economy GK Economy Set 1

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The 'Trade Facilitation Agreement' of WTO entered into force in which year?

A. 2017

B. 2018

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Correct Answer: Option A

Explanation:
The Trade Facilitation Agreement entered into force in 2017.

This question belongs to: Economy GK Economy Set 1

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The Gini coefficient measures income inequality.

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Correct Answer: Option D

Explanation:
The Doha Round was launched in 2001.

This question belongs to: Economy GK Economy Set 1

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