The 'Employees' State Insurance Corporation' provides medical benefit to insured workers from: MCQ with Answer and Explanation

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The 'Employees' State Insurance Corporation' provides medical benefit to insured workers from:

A. after one year

B. first day of employment

C. day one of insurable employment for certain benefits

D. after retirement

Answer: Option C

Solution (By JKSSB Mock Tests)

ESIC medical benefit is available from day one of insurable employment.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of inflation, 'Headline Inflation' includes:

A. Only core components excluding food and fuel

B. Only housing prices

C. All items in the consumer price basket including food and fuel

D. Only manufactured goods prices

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Correct Answer: Option C

Explanation:
Headline inflation measures the overall change in the price level of a comprehensive basket of goods and services, including volatile items such as food and fuel.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'SIDBI' is a wholly owned subsidiary of:

A. RBI

B. NABARD

C. National Housing Bank

D. EXIM Bank

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Correct Answer: Option A

Explanation:
SIDBI is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'exchange rate pass-through' refers to the effect of exchange rate changes on:

A. domestic prices of imports and inflation

B. government spending

C. unemployment only

D. stock prices only

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Correct Answer: Option A

Explanation:
Exchange rate pass-through is the impact of exchange rate changes on domestic prices.

This question belongs to: Economy GK Economy Set 1

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