The 'Integrated Power Development Scheme' focuses on: MCQ with Answer and Explanation

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The 'Integrated Power Development Scheme' focuses on:

A. strengthening urban power distribution network

B. rural roads

C. LPG distribution

D. water supply

Answer: Option A

Solution (By JKSSB Mock Tests)

IPDS strengthens urban power distribution networks.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'NACH' system is used for:

A. stock trading

B. cryptocurrency

C. bulk payments such as subsidies and salary credits

D. foreign exchange trading

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Correct Answer: Option C

Explanation:
NACH is used for bulk electronic payments.

This question belongs to: Economy GK Economy Set 1

Question #2

According to the law of diminishing marginal utility, as a consumer increases consumption of a commodity, the marginal utility derived from each additional unit:

A. eventually declines

B. remains constant

C. first declines then increases

D. increases continuously

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Correct Answer: Option A

Explanation:
The law of diminishing marginal utility states that as more units are consumed, the additional satisfaction from each extra unit eventually decreases.

This question belongs to: Economy GK Economy Set 1

Question #3

Per capita income is obtained by dividing national income by:

A. total population

B. total number of households

C. total labour force

D. total working population

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Correct Answer: Option A

Explanation:
Per capita income is national income divided by mid-year total population.

This question belongs to: Economy GK Economy Set 1

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