Which of the following is NOT a determinant of aggregate demand? MCQ with Answer and Explanation

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Which of the following is NOT a determinant of aggregate demand?

A. Consumption expenditure

B. Technology level

C. Government expenditure

D. Investment expenditure

Answer: Option B

Solution (By JKSSB Mock Tests)

Technology primarily affects aggregate supply. Aggregate demand is determined by consumption, investment, government spending and net exports.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' Council decisions are implemented by:

A. central and state governments through respective GST laws

B. SEBI

C. Supreme Court

D. RBI

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Correct Answer: Option A

Explanation:
Central and state governments implement GST Council recommendations through their GST laws.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Sustainable Development Goals' were adopted by the United Nations in which year?

A. 2015

B. 2000

C. 2016

D. 2020

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Correct Answer: Option A

Explanation:
The Sustainable Development Goals were adopted in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of a capitalist economy?

A. Absence of market mechanism

B. Central planning of all economic activities

C. Collective ownership of resources

D. Private ownership of means of production and profit motive

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Correct Answer: Option D

Explanation:
A capitalist (market) economy is characterised by private ownership of the means of production, profit motive, and resource allocation through the market mechanism.

This question belongs to: Economy GK Economy Set 1

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