The 'Atal Pension Yojana' provides a guaranteed pension ranging from: MCQ with Answer and Explanation

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The 'Atal Pension Yojana' provides a guaranteed pension ranging from:

A. Rs 5,000 to Rs 10,000

B. Rs 10,000 to Rs 20,000

C. Rs 1,000 to Rs 5,000

D. Rs 500 to Rs 1,000

Answer: Option C

Solution (By JKSSB Mock Tests)

Atal Pension Yojana provides guaranteed pension from Rs 1,000 to Rs 5,000 per month.

This question belongs to: Economy GK Economy Set 1

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Question #1

The primary objective of the Reserve Bank of India's monetary policy is to:

A. maximize exports

B. manage government expenditure

C. eliminate fiscal deficit

D. maintain price stability while keeping in mind the objective of growth

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Correct Answer: Option D

Explanation:
The RBI's monetary policy aims primarily to maintain price stability while supporting economic growth.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Asian Development Bank' in India funds projects related to:

A. elections

B. military

C. space research

D. infrastructure, energy, urban development and social sectors

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Correct Answer: Option D

Explanation:
ADB funds infrastructure, energy, urban and social sector projects.

This question belongs to: Economy GK Economy Set 1

Question #3

A consumer consuming a single commodity attains equilibrium when:

A. TU is rising

B. Px is greater than MUx

C. MU of the commodity is zero

D. MUx divided by Px equals marginal utility of money

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Correct Answer: Option D

Explanation:
For one commodity, consumer equilibrium occurs when MUx/Px equals the marginal utility of money.

This question belongs to: Economy GK Economy Set 1

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