Pradhan Mantri Fasal Bima Yojana provides: MCQ with Answer and Explanation

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Pradhan Mantri Fasal Bima Yojana provides:

A. fertilizer subsidy only

B. crop insurance against crop loss

C. minimum support price for crops

D. free electricity to farmers

Answer: Option B

Solution (By JKSSB Mock Tests)

PMFBY provides comprehensive crop insurance against crop loss due to natural calamities, pests and diseases.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Gross Value Added' at basic prices excludes:

A. indirect taxes net of subsidies

B. all taxes

C. net factor income from abroad

D. depreciation

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Correct Answer: Option A

Explanation:
GVA at basic prices is measured before net product taxes, so it excludes net indirect taxes.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Cooperative Development Corporation' promotes:

A. imports

B. cooperative societies across sectors

C. stock trading

D. only banking

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Correct Answer: Option B

Explanation:
NCDC promotes cooperative societies in various sectors.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST Council' has a secretariat located in:

A. Gandhinagar

B. New Delhi

C. Bengaluru

D. Mumbai

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Correct Answer: Option B

Explanation:
GST Council secretariat is in New Delhi.

This question belongs to: Economy GK Economy Set 1

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