Pradhan Mantri Jan Dhan Yojana primarily aims at: MCQ with Answer and Explanation

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Pradhan Mantri Jan Dhan Yojana primarily aims at:

A. providing pensions to all

B. providing crop insurance

C. building infrastructure

D. universal financial inclusion with bank accounts and RuPay cards

Answer: Option D

Solution (By JKSSB Mock Tests)

PMJDY aims at financial inclusion by providing bank accounts, RuPay cards, overdraft and insurance.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of cost, the relationship between Average Cost (AC) and Marginal Cost (MC) is:

A. When MC = AC, AC is minimum

B. When MC < AC, AC is rising

C. When MC > AC, AC is falling

D. MC is always greater than AC

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Correct Answer: Option A

Explanation:
When Marginal Cost equals Average Cost, Average Cost is at its minimum. If MC is below AC, AC falls; if MC is above AC, AC rises.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Maternity Benefit Act' was enacted in India in which year?

A. 1961

B. 1976

C. 1956

D. 1972

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Correct Answer: Option A

Explanation:
The Maternity Benefit Act was enacted in 1961.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Purchasing Power Parity' helps in:

A. Comparing real income and living standards across countries

B. Determining only nominal exchange rates

C. Calculating domestic fiscal deficit

D. Measuring only unemployment

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Correct Answer: Option A

Explanation:
PPP-based comparisons adjust for differences in price levels across countries, providing a better measure of real income and relative living standards.

This question belongs to: Economy GK Economy Set 1

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