PM-KISAN provides income support to farmer families of how much per year? MCQ with Answer and Explanation

Question
PM-KISAN provides income support to farmer families of how much per year?
A. Rs 12,000
B. Rs 6,000
C. Rs 2,000
D. Rs 10,000
Answer: Option B
Solution (By JKSSB Mock Tests)
PM-KISAN provides Rs 6,000 per year in three equal instalments to eligible farmer families.
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 'Global Value Chains' phenomenon?
A. Trade is limited to primary commodities
B. Only final goods are traded
C. Production processes are fragmented across countries, with intermediate goods crossing borders multiple times
D. All production occurs within a single country
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Correct Answer: Option C

Explanation:
Global value chains describe the international fragmentation of production in which different stages of the production process are located in different countries and intermediate inputs are traded intensively.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is an example of a negative externality?
A. Research and development
B. Vaccination
C. Pollution from industrial activity
D. Education
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Correct Answer: Option C

Explanation:
A negative externality imposes costs on third parties. Industrial pollution harms the environment and health of people who are not parties to the production decision.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' rate on readymade garments up to Rs 1,000 is:
A. 18%
B. 5%
C. 0%
D. 12%
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Correct Answer: Option B

Explanation:
Readymade garments up to Rs 1,000 attract 5% GST.
This question belongs to: Economy GK Economy Set 1
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