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 78 of 111
Question #1541
The 'Udyam Registration' portal is used for registration of:
A. stock brokers
B. large companies
C. MSMEs
D. banks
Discuss
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Correct Answer: Option C

Explanation:
Udyam Registration is the online registration portal for MSMEs.
This question belongs to: Economy GK Economy Set 1
Question #1542
The 'Zero Defect Zero Effect' scheme is associated with:
A. agriculture
B. manufacturing and quality standards in MSMEs
C. health
D. defence
Discuss
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Correct Answer: Option B

Explanation:
Zero Defect Zero Effect promotes quality and environmental standards in MSMEs.
This question belongs to: Economy GK Economy Set 1
Question #1543
The 'Skill India Mission' was launched in which year?
A. 2015
B. 2016
C. 2014
D. 2017
Discuss
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Correct Answer: Option A

Explanation:
Skill India Mission was launched in 2015.
This question belongs to: Economy GK Economy Set 1
Question #1544
The 'National Skill Development Mission' is implemented by:
A. Ministry of Labour
B. Ministry of Skill Development and Entrepreneurship
C. NITI Aayog
D. Ministry of Finance
Discuss
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Correct Answer: Option B

Explanation:
National Skill Development Mission is implemented by the Ministry of Skill Development and Entrepreneurship.
This question belongs to: Economy GK Economy Set 1
Question #1545
The 'National Apprenticeship Promotion Scheme' aims to:
A. promote formal education only
B. promote imports
C. increase apprenticeships in industries
D. provide unemployment benefits
Discuss
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Correct Answer: Option C

Explanation:
NAPS promotes apprenticeship training in industries.
This question belongs to: Economy GK Economy Set 1
Question #1546
The 'Pradhan Mantri Kaushal Vikas Yojana' is implemented by:
A. NABARD
B. SEBI
C. RBI
D. National Skill Development Corporation
Discuss
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Correct Answer: Option D

Explanation:
PMKVY is implemented by the National Skill Development Corporation.
This question belongs to: Economy GK Economy Set 1
Question #1547
The 'National Apprenticeship Training Scheme' is under:
A. Ministry of Skill Development
B. Ministry of Agriculture
C. Ministry of Finance
D. Ministry of Education
Discuss
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Correct Answer: Option D

Explanation:
The National Apprenticeship Training Scheme is under the Ministry of Education.
This question belongs to: Economy GK Economy Set 1
Question #1548
The 'Educational loan' under Pradhan Mantri Vidya Lakshmi Yojana is provided by:
A. NABARD
B. RBI
C. banks and financial institutions
D. SEBI
Discuss
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Correct Answer: Option C

Explanation:
Vidya Lakshmi is a portal for education loans from banks and financial institutions.
This question belongs to: Economy GK Economy Set 1
Question #1549
The 'Mid-Day Meal Scheme' is now known as:
A. PM JAN DHAN
B. PM POSHAN
C. PM AWAAS
D. PM KISAN
Discuss
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Correct Answer: Option B

Explanation:
Mid-Day Meal Scheme has been renamed PM POSHAN.
This question belongs to: Economy GK Economy Set 1
Question #1550
The 'National Curriculum Framework for Foundational Stage' was introduced as part of:
A. Make in India
B. National Education Policy 2020
C. Skill India
D. Digital India
Discuss
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Correct Answer: Option B

Explanation:
NCF-FS is part of the implementation of NEP 2020.
This question belongs to: Economy GK Economy Set 1
Question #1551
The 'Samagra Shiksha Abhiyan' integrates which three schemes?
A. SSA, RMSA, Teacher Education
B. SSA, MGNREGA, PMAY
C. RMSA, ICDS, NSAP
D. Teacher Education, PMKVY, UJALA
Discuss
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Correct Answer: Option A

Explanation:
Samagra Shiksha Abhiyan integrates Sarva Shiksha Abhiyan, Rashtriya Madhyamik Shiksha Abhiyan and Teacher Education.
This question belongs to: Economy GK Economy Set 1
Question #1552
The 'Pradhan Mantri Poshan Shakti Nirman' is a programme for:
A. skill development
B. hot cooked meals in schools
C. rural housing
D. education loans
Discuss
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Correct Answer: Option B

Explanation:
PM POSHAN provides hot cooked meals in government and aided schools.
This question belongs to: Economy GK Economy Set 1
Question #1553
The 'National Education Policy 2020' aims to increase public investment in education to what percentage of GDP?
A. 3%
B. 6%
C. 10%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
NEP 2020 aims to increase public investment in education to 6% of GDP.
This question belongs to: Economy GK Economy Set 1
Question #1554
The 'Rashtriya Uchchatar Shiksha Abhiyan' is related to:
A. adult literacy
B. skill development
C. primary education
D. higher education
Discuss
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Correct Answer: Option D

Explanation:
RUSA is a centrally sponsored scheme for higher education.
This question belongs to: Economy GK Economy Set 1
Question #1555
The 'National Digital Library of India' provides:
A. passport services
B. digital educational resources
C. land records
D. banking services
Discuss
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Correct Answer: Option B

Explanation:
National Digital Library of India provides digital educational resources.
This question belongs to: Economy GK Economy Set 1
Question #1556
The 'SWAYAM' platform is related to:
A. stock trading
B. tax filing
C. online courses and MOOCs
D. online banking
Discuss
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Correct Answer: Option C

Explanation:
SWAYAM is an online platform offering MOOCs.
This question belongs to: Economy GK Economy Set 1
Question #1557
The 'e-Pathshala' is an initiative for:
A. tax payment
B. digital textbooks and learning resources
C. online banking
D. railway reservation
Discuss
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Correct Answer: Option B

Explanation:
e-Pathshala provides digital textbooks and educational resources.
This question belongs to: Economy GK Economy Set 1
Question #1558
The 'National Mission on Education through Information and Communication Technology' was launched to enhance:
A. defence technology
B. education through ICT
C. agricultural technology
D. banking technology
Discuss
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Correct Answer: Option B

Explanation:
NMEICT aims to enhance education through ICT.
This question belongs to: Economy GK Economy Set 1
Question #1559
The 'National Education Policy 2020' proposes which curricular structure in schools?
A. 8+4
B. 10+2
C. 4+3+3+2
D. 5+3+3+4
Discuss
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Correct Answer: Option D

Explanation:
NEP 2020 proposes a 5+3+3+4 curricular and pedagogical structure.
This question belongs to: Economy GK Economy Set 1
Question #1560
The 'Pradhan Mantri Ujjwala Yojana' was launched by which ministry?
A. Ministry of Health
B. Ministry of Petroleum and Natural Gas
C. Ministry of Rural Development
D. Ministry of Women and Child Development
Discuss
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Correct Answer: Option B

Explanation:
PMUY is implemented by the Ministry of Petroleum and Natural Gas.
This question belongs to: Economy GK Economy Set 1
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