The 'Educational loan' under Pradhan Mantri Vidya Lakshmi Yojana is provided by: MCQ with Answer and Explanation

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The 'Educational loan' under Pradhan Mantri Vidya Lakshmi Yojana is provided by:

A. RBI

B. SEBI

C. NABARD

D. banks and financial institutions

Answer: Option D

Solution (By JKSSB Mock Tests)

Vidya Lakshmi is a portal for education loans from banks and financial institutions.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Aadhaar Enabled Payment System' uses which biometric identifier?

A. Only voice

B. Only PIN

C. Fingerprint and iris

D. Only password

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Correct Answer: Option C

Explanation:
AEPS uses Aadhaar number and biometric authentication such as fingerprint or iris.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on carbonated water is:

A. 18%

B. 12%

C. 28% plus cess

D. 5%

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Correct Answer: Option C

Explanation:
Carbonated water and aerated drinks attract 28% GST plus cess.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Consumer Surplus' is the area:

A. Below the demand curve and above the price line

B. Below the supply curve and above the price line

C. Above the supply curve and below the price line

D. Above the demand curve and below the price line

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Correct Answer: Option A

Explanation:
Consumer surplus is the difference between the maximum amount consumers are willing to pay and the amount they actually pay, represented by the area under the demand curve and above the market price.

This question belongs to: Economy GK Economy Set 1

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