The 'Full Budget' is presented after the interim budget when: MCQ with Answer and Explanation

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The 'Full Budget' is presented after the interim budget when:

A. the President orders

B. the RBI requests

C. elections are complete and the new government takes office

D. the Supreme Court orders

Answer: Option C

Solution (By JKSSB Mock Tests)

The new government presents a full budget after taking office.

This question belongs to: Economy GK Economy Set 1

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Question #1

Pradhan Mantri Jan Dhan Yojana primarily aims at:

A. providing crop insurance

B. building infrastructure

C. universal financial inclusion with bank accounts and RuPay cards

D. providing pensions to all

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Correct Answer: Option C

Explanation:
PMJDY aims at financial inclusion by providing bank accounts, RuPay cards, overdraft and insurance.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Integrated Child Development Services' scheme was launched in:

A. 1985

B. 1965

C. 1995

D. 1975

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Correct Answer: Option D

Explanation:
ICDS was launched in 1975.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Pradhan Mantri Fasal Bima Yojana' provides crop insurance at what premium rate for Kharif crops?

A. 2% of sum insured

B. 5% of sum insured

C. 10% of sum insured

D. 1.5% of sum insured

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Correct Answer: Option A

Explanation:
PMFBY premium for Kharif crops is 2% of sum insured, Rabi 1.5%, commercial/horticultural 5%.

This question belongs to: Economy GK Economy Set 1

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