The concept of 'Universal Basic Income' proposes: MCQ with Answer and Explanation

The concept of 'Universal Basic Income' proposes:
A. Only targeted transfers to the poor conditional on work
B. Only in-kind transfers
C. An unconditional cash transfer paid regularly to all individuals regardless of employment status or income
D. Only unemployment insurance for the temporarily jobless
Answer: Option C
Solution (By JKSSB Mock Tests)
Universal basic income is a policy proposal under which every citizen receives a regular, unconditional sum of money from the government, irrespective of other income or employment status.

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Practice More Economy Set 1 Questions

Question #1
The 'MGNREGA' initially covered how many districts in its first phase?
A. 600
B. 300
C. 200
D. 100

Correct Answer: Option C


Explanation:
MGNREGA was initially implemented in 200 districts.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Brexit' refers to the exit of which country from the European Union?
A. United Kingdom
B. Germany
C. Italy
D. France

Correct Answer: Option A


Explanation:
Brexit refers to the United Kingdom's exit from the European Union.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the Indian monetary system?
A. Gold standard
B. Managed floating exchange rate with inflation targeting
C. Complete free floating without RBI role
D. Fixed exchange rate without any intervention

Correct Answer: Option B


Explanation:
India follows a managed floating exchange rate regime and has adopted a flexible inflation targeting framework for monetary policy.

This question belongs to: Economy GK Economy Set 1