The 'Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020' was later: MCQ with Answer and Explanation

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The 'Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020' was later:

A. repealed in 2021

B. amended only

C. implemented fully

D. extended to 2030

Answer: Option A

Solution (By JKSSB Mock Tests)

The three farm laws of 2020 were repealed in 2021.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a characteristic of a traditional economy?

A. High use of advanced technology

B. Rapid industrialisation

C. Customs and traditions determine economic decisions

D. Extensive use of money and banking

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Correct Answer: Option C

Explanation:
In a traditional economy, economic decisions regarding production and distribution are based on customs, traditions and hereditary practices.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Pradhan Mantri Kaushal Vikas Yojana' was launched in:

A. 2013

B. 2018

C. 2015

D. 2016

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Correct Answer: Option C

Explanation:
PMKVY was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of cost curves, the Marginal Cost curve intersects the Average Cost curve at:

A. Its minimum point

B. The origin

C. Any random point

D. Its maximum point

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Correct Answer: Option A

Explanation:
The MC curve intersects both the AVC and ATC curves at their respective minimum points.

This question belongs to: Economy GK Economy Set 1

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