Detailed explanation will be added soon. In the meantime, you can practice more questions from JKPSC JKAS 2025 Mains or browse the complete PYQ collection.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
More Economy questions
From across UPSC, JKPSC, and JKSSB papers — same subject, different years.
Foreign direct investment in the defence sector is now said to be liberalized. What influence this is expected to have on Indian defence ...
The currency of which one of the following countries is NOT called a rupee?
Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India:1. NBFCs cannot accept demand deposits.
2. A...
What are the direct and indirect subsidies provided to farm sector in India? Discuss the issues raised by the World Trade Organization (W...
Consider the following statement regarding 'Ways and Means Advances' (WMA):1. It is a facility for both the Centre and States to borrow f...