The Food Corporation of India is responsible for: MCQ with Answer and Explanation

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The Food Corporation of India is responsible for:

A. regulating stock exchanges

B. providing crop loans

C. procurement, storage and distribution of food grains

D. controlling inflation

Answer: Option C

Solution (By JKSSB Mock Tests)

FCI handles procurement, storage and distribution of food grains for the public distribution system.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on health care services is:

A. 18%

B. exempt

C. 0%

D. 5%

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Correct Answer: Option B

Explanation:
Health care services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The International Solar Alliance was launched by India and France to promote:

A. coal energy

B. oil trade

C. solar energy deployment

D. nuclear energy

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Correct Answer: Option C

Explanation:
The International Solar Alliance promotes solar energy deployment.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Job Guarantee' proposal?

A. Only private-sector job creation without public involvement

B. Only training programmes without employment

C. Only unemployment insurance without job offers

D. A public programme that offers employment at a living wage to anyone willing and able to work

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Correct Answer: Option D

Explanation:
A job-guarantee programme commits the public sector to provide a job at a basic living wage to every person who wants one, thereby eliminating involuntary unemployment and establishing an effective wage floor.

This question belongs to: Economy GK Economy Set 1

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