Which of the following is a feature of the 'Data Economy' or 'Attention Economy'? MCQ with Answer and Explanation

Which of the following is a feature of the 'Data Economy' or 'Attention Economy'?
A. Only traditional manufacturing matters
B. Only physical goods generate value
C. Data has no economic value
D. Economic value is increasingly derived from the collection, analysis and monetisation of data and user attention
Answer: Option D
Solution (By JKSSB Mock Tests)
In the data and attention economy, the ability to collect, process and monetise large volumes of personal and behavioural data, as well as to capture user attention, has become a central source of economic value.

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Practice More Economy Set 1 Questions

Question #1
The 'GST Council' does not deal with:
A. GST exemptions
B. GST rates
C. GST returns
D. income tax rates

Correct Answer: Option D


Explanation:
Income tax rates are not within GST Council's purview.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Financial Stability Report' in India is published by:
A. Reserve Bank of India
B. NITI Aayog
C. Ministry of Finance
D. SEBI

Correct Answer: Option A


Explanation:
The RBI publishes the Financial Stability Report.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on hotel rooms with tariff below Rs 1,000 is:
A. 0%
B. 5%
C. 12%
D. 18%

Correct Answer: Option A


Explanation:
Hotel rooms below Rs 1,000 tariff are exempt from GST.

This question belongs to: Economy GK Economy Set 1