The 'Ayushman Bharat Pradhan Mantri Jan Arogya Yojana' provides health insurance coverage of: MCQ with Answer and Explanation

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The 'Ayushman Bharat Pradhan Mantri Jan Arogya Yojana' provides health insurance coverage of:

A. Rs 2 lakh per family per year

B. Rs 5 lakh per family per year

C. Rs 10 lakh per family per year

D. Rs 1 lakh per family per year

Answer: Option B

Solution (By JKSSB Mock Tests)

AB-PMJAY provides health cover of Rs 5 lakh per family per year for secondary and tertiary care.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'monetary policy framework' in India legally mandates RBI to target:

A. GDP growth

B. consumer price inflation

C. exchange rate

D. fiscal deficit

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Correct Answer: Option B

Explanation:
The RBI's monetary policy framework targets consumer price inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

Deficit financing means:

A. financing government expenditure through borrowing or money creation

B. repayment of public debt

C. reducing government expenditure

D. financing government expenditure through taxation

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Correct Answer: Option A

Explanation:
Deficit financing involves financing a budget deficit through borrowing or creation of money.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST Council' is chaired by the Union Finance Minister and includes which other representatives?

A. SEBI chairman

B. all state chief ministers

C. state finance ministers

D. RBI governor

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Correct Answer: Option C

Explanation:
The GST Council includes state finance ministers as members, chaired by the Union Finance Minister.

This question belongs to: Economy GK Economy Set 1

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