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

The concept of 'Universal Basic Income' proposes:
A. Only unemployment insurance for the temporarily jobless
B. Only in-kind transfers
C. Only targeted transfers to the poor conditional on work
D. An unconditional cash transfer paid regularly to all individuals regardless of employment status or income
Answer: Option D
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.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'National Food Security Act' was enacted in:
A. 2010
B. 2015
C. 2018
D. 2013

Correct Answer: Option D


Explanation:
NFSA was enacted in 2013.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' annual return is filed in:
A. GSTR-4
B. GSTR-3B
C. GSTR-1
D. GSTR-9

Correct Answer: Option D


Explanation:
GSTR-9 is the annual return.

This question belongs to: Economy GK Economy Set 1
Question #3
Purchasing Power Parity theory states that exchange rates between currencies adjust to equalize:
A. the purchasing power of currencies in terms of goods
B. interest rates
C. government budget deficits
D. inflation rates only

Correct Answer: Option A


Explanation:
Purchasing Power Parity says exchange rates adjust so that identical goods cost the same in different currencies.

This question belongs to: Economy GK Economy Set 1