PM Gati Shakti is a national master plan for: MCQ with Answer and Explanation

Question
PM Gati Shakti is a national master plan for:
A. agricultural exports
B. banking reforms
C. tax administration
D. multi-modal connectivity and integrated infrastructure planning
Answer: Option D
Solution (By JKSSB Mock Tests)
PM Gati Shakti is a national master plan for multi-modal connectivity and integrated infrastructure planning.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of the 'Universal Basic Services' proposal?
A. Public provision of a range of essential services free at the point of use as a complement or alternative to basic income
B. Only private provision of all services
C. Only targeted residual welfare
D. Only cash transfers without any public services
Discuss
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Correct Answer: Option A

Explanation:
Universal basic services advocates the collective provision of a set of essential services—such as health, education, housing, transport and information—available to all citizens free or at low cost.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Adaptive Expectations' hypothesis?
A. Agents form expectations solely on the basis of past values of the variable
B. Agents use all available information efficiently
C. Expectations are always correct
D. Only future information matters
Discuss
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Correct Answer: Option A

Explanation:
Under adaptive expectations, agents revise their expectations gradually on the basis of past forecast errors, so that expectations are a weighted average of past observations.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Reverse repo rate' is the rate at which RBI:
A. lends to the government
B. rediscounts bills
C. lends to banks
D. borrows from banks against government securities
Discuss
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Correct Answer: Option D

Explanation:
Reverse repo is the rate at which RBI borrows from banks against government securities.
This question belongs to: Economy GK Economy Set 1
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