The 'Atal Pension Yojana' is primarily targeted at: MCQ with Answer and Explanation

Question
The 'Atal Pension Yojana' is primarily targeted at:
A. children
B. unorganized sector workers
C. government employees only
D. organized sector employees only
Answer: Option B
Solution (By JKSSB Mock Tests)
Atal Pension Yojana provides pension to workers in the unorganized sector.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The 'Pradhan Mantri Fasal Bima Yojana' provides crop insurance at what premium rate for Kharif crops?
A. 5% of sum insured
B. 1.5% of sum insured
C. 2% of sum insured
D. 10% of sum insured
Discuss
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Correct Answer: Option C

Explanation:
PMFBY premium for Kharif crops is 2% of sum insured, Rabi 1.5%, commercial/horticultural 5%.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Covered Interest Parity' condition?
A. Interest rates are always equal across countries
B. Exchange rates are fixed
C. The interest differential between two countries equals the forward premium or discount on the exchange rate
D. Only uncovered interest parity holds
Discuss
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Correct Answer: Option C

Explanation:
Covered interest parity states that the interest rate differential between two currencies equals the forward premium or discount, eliminating covered arbitrage opportunities.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a standard classification of unemployment based on cause?
A. Only natural rate as the sole category
B. Only voluntary unemployment
C. Only disguised unemployment as the sole category
D. Frictional, structural, cyclical and seasonal
Discuss
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Correct Answer: Option D

Explanation:
Unemployment is commonly classified by cause into frictional, structural, cyclical and seasonal categories.
This question belongs to: Economy GK Economy Set 1
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