The 'Beti Bachao Beti Padhao' scheme aims to: MCQ with Answer and Explanation

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The 'Beti Bachao Beti Padhao' scheme aims to:

A. prevent female foeticide and promote education of the girl child

B. promote women's employment only

C. provide maternity benefits

D. promote male education

Answer: Option A

Solution (By JKSSB Mock Tests)

Beti Bachao Beti Padhao aims to address declining child sex ratio and promote girl child education.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate applicable to a supply is determined by:

A. President

B. RBI

C. SEBI

D. GST Council

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Correct Answer: Option D

Explanation:
GST rates are recommended by the GST Council.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of behavioural economics, 'Present Bias' or 'Hyperbolic Discounting' refers to:

A. Consistent exponential discounting of all future payoffs

B. The complete absence of time preference

C. Only the preference for delayed gratification

D. The tendency to give stronger weight to payoffs that are closer to the present when considering trade-offs between two future moments

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Correct Answer: Option D

Explanation:
Present bias describes the common tendency for people to place disproportionately greater weight on immediate rewards relative to delayed rewards, leading to time-inconsistent preferences and self-control problems.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Tobin's q' is defined as:

A. The ratio of the market value of installed capital to its replacement cost

B. The ratio of consumption to income

C. The ratio of money supply to GDP

D. The ratio of investment to saving

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Correct Answer: Option A

Explanation:
Tobin's q is the ratio of the market value of a firm's capital to the replacement cost of that capital. Investment is encouraged when q > 1 and discouraged when q < 1.

This question belongs to: Economy GK Economy Set 1

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