Which of the following is a feature of the 'Job Guarantee' proposal? MCQ with Answer and Explanation

Which of the following is a feature of the 'Job Guarantee' proposal?
A. Only unemployment insurance without job offers
B. A public programme that offers employment at a living wage to anyone willing and able to work
C. Only training programmes without employment
D. Only private-sector job creation without public involvement
Answer: Option B
Solution (By JKSSB Mock Tests)
A job-guarantee programme commits the public sector to provide a job at a basic living wage to every person who wants one, thereby eliminating involuntary unemployment and establishing an effective wage floor.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of the 'Attention Economy' business models of many digital platforms?
A. They only sell physical products
B. They often provide services free of monetary charge and monetise user attention and data through advertising
C. They never use advertising
D. They always charge users high monetary prices

Correct Answer: Option B


Explanation:
Many digital platforms operate on a 'free' model in which users pay with their attention and personal data, which are then monetised primarily through targeted advertising.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'veblen effect' is associated with:
A. perfect competition
B. homogeneous goods
C. conspicuous consumption where higher prices increase demand
D. inferior goods

Correct Answer: Option C


Explanation:
Veblen effect occurs when higher prices increase the prestige of a good and therefore its demand.

This question belongs to: Economy GK Economy Set 1
Question #3
The Balance of Payments is a systematic record of:
A. only foreign direct investment
B. only government borrowing
C. only visible trade
D. all economic transactions between residents of a country and the rest of the world

Correct Answer: Option D


Explanation:
The Balance of Payments records all economic transactions between residents and the rest of the world.

This question belongs to: Economy GK Economy Set 1