The 'Atal Mission for Rejuvenation and Urban Transformation' was launched in: MCQ with Answer and Explanation

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The 'Atal Mission for Rejuvenation and Urban Transformation' was launched in:

A. 2014

B. 2016

C. 2017

D. 2015

Answer: Option D

Solution (By JKSSB Mock Tests)

AMRUT was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'currency futures' are standardized contracts to exchange currencies at a future date and are traded on:

A. RBI only

B. stock exchanges

C. over-the-counter only

D. commercial banks only

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Correct Answer: Option B

Explanation:
Currency futures are exchange-traded standardized contracts.

This question belongs to: Economy GK Economy Set 1

Question #2

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DICGC provides deposit insurance up to which maximum amount per depositor per bank?

A. Rs 1 lakh

B. Rs 2 lakh

C. Rs 10 lakh

D. Rs 5 lakh

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Correct Answer: Option D

Explanation:
DICGC insures deposits up to Rs 5 lakh per depositor per bank.

This question belongs to: Economy GK Economy Set 1

Question #3

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The term 'Balance of Trade' refers to:

A. Difference between exports and imports of goods and services

B. Overall surplus or deficit in balance of payments

C. Capital account balance

D. Difference between exports and imports of goods only

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Correct Answer: Option D

Explanation:
Balance of Trade is the difference between the value of exports and imports of merchandise (goods) only. Balance of payments is a broader concept including services and capital flows.

This question belongs to: Economy GK Economy Set 1

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