Economy Set 1 MCQs

Economy GK

Economy Set 1 MCQs

Practice Economy GK MCQs on basic economic concepts including economy, economics, microeconomics, macroeconomics, goods and services, demand and supply, factors of production, opportunity cost, economic activities, sectors of economy and other fundamental concepts frequently asked in SSC, Railway, Banking, UPSC, JKSSB, JKPSC, Police, Defence and other competitive examinations.

2220
Total Questions

Practice Questions

Page 70 of 111
Question #1381
The 'RuPay' card is a product of:
A. RBI
B. SEBI
C. SBI
D. National Payments Corporation of India
Discuss
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Correct Answer: Option D

Explanation:
RuPay card is an Indian payment card product of NPCI.
This question belongs to: Economy GK Economy Set 1
Question #1382
The 'Cheque Truncation System' processes cheques by:
A. destroying all cheques
B. transmitting electronic image of the cheque
C. converting cheques into cash immediately
D. physically moving cheques to the paying bank
Discuss
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Correct Answer: Option B

Explanation:
CTS processes cheques by transmitting electronic images rather than moving physical cheques.
This question belongs to: Economy GK Economy Set 1
Question #1383
The 'Public Provident Fund' is a:
A. short-term trading instrument
B. current account
C. long-term small savings scheme
D. foreign exchange instrument
Discuss
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Correct Answer: Option C

Explanation:
Public Provident Fund is a long-term small savings scheme.
This question belongs to: Economy GK Economy Set 1
Question #1384
The 'Sukanya Samriddhi Yojana' is a savings scheme for:
A. senior citizens
B. farmers
C. girl child
D. unemployed youth
Discuss
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Correct Answer: Option C

Explanation:
Sukanya Samriddhi Yojana is a savings scheme for the girl child.
This question belongs to: Economy GK Economy Set 1
Question #1385
The 'Senior Citizens Savings Scheme' is available for individuals aged:
A. 50 years and above
B. 70 years and above
C. 65 years and above
D. 60 years and above
Discuss
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Correct Answer: Option D

Explanation:
The Senior Citizens Savings Scheme is available for individuals aged 60 years and above.
This question belongs to: Economy GK Economy Set 1
Question #1386
The 'Kisan Vikas Patra' is a:
A. small savings certificate scheme
B. crop insurance scheme
C. stock market instrument
D. bank account
Discuss
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Correct Answer: Option A

Explanation:
Kisan Vikas Patra is a small savings certificate scheme.
This question belongs to: Economy GK Economy Set 1
Question #1387
The 'National Savings Certificate' is issued by:
A. RBI
B. Post Office
C. SEBI
D. Commercial banks
Discuss
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Correct Answer: Option B

Explanation:
National Savings Certificate is issued by the Post Office.
This question belongs to: Economy GK Economy Set 1
Question #1388
The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:
A. 2005
B. 2004
C. 2009
D. 2007
Discuss
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Correct Answer: Option A

Explanation:
MGNREGA was enacted in 2005.
This question belongs to: Economy GK Economy Set 1
Question #1389
The 'MGNREGA' initially covered how many districts in its first phase?
A. 200
B. 100
C. 300
D. 600
Discuss
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Correct Answer: Option A

Explanation:
MGNREGA was initially implemented in 200 districts.
This question belongs to: Economy GK Economy Set 1
Question #1390
The 'National Food Security Act' was enacted in:
A. 2018
B. 2015
C. 2013
D. 2010
Discuss
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Correct Answer: Option C

Explanation:
NFSA was enacted in 2013.
This question belongs to: Economy GK Economy Set 1
Question #1391
The 'Public Distribution System' in India is administered by:
A. Ministry of Agriculture
B. NITI Aayog
C. Department of Food and Public Distribution
D. Ministry of Finance
Discuss
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Correct Answer: Option C

Explanation:
The public distribution system is administered by the Department of Food and Public Distribution.
This question belongs to: Economy GK Economy Set 1
Question #1392
The 'Antyodaya Anna Yojana' was launched in:
A. 2010
B. 2000
C. 2005
D. 1995
Discuss
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Correct Answer: Option B

Explanation:
Antyodaya Anna Yojana was launched in December 2000.
This question belongs to: Economy GK Economy Set 1
Question #1393
The 'Mid-Day Meal Scheme' was launched in which year?
A. 1995
B. 2001
C. 2005
D. 1985
Discuss
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Correct Answer: Option A

Explanation:
Mid-Day Meal Scheme was launched in 1995.
This question belongs to: Economy GK Economy Set 1
Question #1394
The 'Integrated Child Development Services' scheme was launched in:
A. 1985
B. 1995
C. 1975
D. 1965
Discuss
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Correct Answer: Option C

Explanation:
ICDS was launched in 1975.
This question belongs to: Economy GK Economy Set 1
Question #1395
The 'National Rural Health Mission' was launched in:
A. 2005
B. 2013
C. 2000
D. 2010
Discuss
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Correct Answer: Option A

Explanation:
NRHM was launched in 2005.
This question belongs to: Economy GK Economy Set 1
Question #1396
The 'Ayushman Bharat Yojana' has two components: Health and Wellness Centres and:
A. Pradhan Mantri Ujjwala Yojana
B. Pradhan Mantri Jan Arogya Yojana
C. Pradhan Mantri Awas Yojana
D. Pradhan Mantri Mudra Yojana
Discuss
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Correct Answer: Option B

Explanation:
Ayushman Bharat includes Health and Wellness Centres and PM-JAY.
This question belongs to: Economy GK Economy Set 1
Question #1397
The 'Pradhan Mantri Jan Arogya Yojana' is the health insurance component of:
A. Skill India
B. Startup India
C. Digital India
D. Ayushman Bharat
Discuss
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Correct Answer: Option D

Explanation:
PM-JAY is the insurance component of Ayushman Bharat.
This question belongs to: Economy GK Economy Set 1
Question #1398
The 'National Health Policy' of India was last released in which year?
A. 2020
B. 2019
C. 2002
D. 2017
Discuss
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Correct Answer: Option D

Explanation:
The National Health Policy was released in 2017.
This question belongs to: Economy GK Economy Set 1
Question #1399
The 'National Education Policy' of India was released in which year?
A. 2016
B. 2019
C. 1986
D. 2020
Discuss
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Correct Answer: Option D

Explanation:
The National Education Policy was released in 2020.
This question belongs to: Economy GK Economy Set 1
Question #1400
The 'Sarva Shiksha Abhiyan' was launched in:
A. 1995
B. 2005
C. 2010
D. 2001
Discuss
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Correct Answer: Option D

Explanation:
Sarva Shiksha Abhiyan was launched in 2001.
This question belongs to: Economy GK Economy Set 1
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