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. free electricity to farmers

C. minimum support price for crops

D. crop insurance against crop loss

Answer: Option D

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

Deflation is best defined as:

A. a sustained fall in the general price level

B. a rise in unemployment

C. a decrease in the rate of inflation

D. a fall in GDP

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Correct Answer: Option A

Explanation:
Deflation is a sustained fall in the general price level.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Index of Industrial Production' uses which base year currently?

A. 2015-16

B. 2004-05

C. 2019-20

D. 2011-12

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Correct Answer: Option D

Explanation:
IIP uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Nifty 50' index comprises how many stocks of NSE?

A. 50

B. 100

C. 200

D. 30

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Correct Answer: Option A

Explanation:
Nifty 50 comprises 50 stocks of NSE.

This question belongs to: Economy GK Economy Set 1

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