The 'Ayushman Bharat Yojana' has two components: Health and Wellness Centres and: MCQ with Answer and Explanation

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The 'Ayushman Bharat Yojana' has two components: Health and Wellness Centres and:

A. Pradhan Mantri Awas Yojana

B. Pradhan Mantri Ujjwala Yojana

C. Pradhan Mantri Jan Arogya Yojana

D. Pradhan Mantri Mudra Yojana

Answer: Option C

Solution (By JKSSB Mock Tests)

Ayushman Bharat includes Health and Wellness Centres and PM-JAY.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Composition Scheme' under GST is available for service providers with turnover up to:

A. Rs 20 lakh

B. Rs 1.5 crore

C. Rs 50 lakh

D. Rs 75 lakh

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Correct Answer: Option C

Explanation:
Composition scheme for services is available up to Rs 50 lakh.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'International Bank for Reconstruction and Development' and International Development Association together are called:

A. United Nations

B. IMF

C. World Bank (narrowly)

D. World Bank Group

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Correct Answer: Option C

Explanation:
IBRD and IDA together are often referred to as the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'wealth effect' in consumption refers to:

A. consumption increasing when wealth increases

B. investment increasing when interest rates rise

C. saving increasing when wealth falls

D. consumption increasing when debt increases

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Correct Answer: Option A

Explanation:
The wealth effect says consumption rises when household wealth rises.

This question belongs to: Economy GK Economy Set 1

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