The 'Interest Subvention Scheme' for farmers is implemented by: MCQ with Answer and Explanation

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The 'Interest Subvention Scheme' for farmers is implemented by:

A. SEBI

B. RBI

C. IRDAI

D. NABARD and the Government

Answer: Option D

Solution (By JKSSB Mock Tests)

The interest subvention scheme for farmers is implemented by NABARD and the government.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Periodic Labour Force Survey' provides estimates of:

A. inflation

B. GDP

C. employment and unemployment

D. foreign exchange reserves

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Correct Answer: Option C

Explanation:
PLFS provides labour force, employment and unemployment estimates.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of the Indian economy, the 'GST' is an example of:

A. A direct tax

B. An indirect tax with dual structure (Centre and States)

C. A wealth tax

D. A corporate tax only

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Correct Answer: Option B

Explanation:
Goods and Services Tax is a comprehensive indirect tax levied on the supply of goods and services, with a dual structure involving both the Centre and the States.

This question belongs to: Economy GK Economy Set 1

Question #3

The marginal rate of substitution of X for Y is equal to:

A. Px multiplied by Py

B. MUy divided by MUx

C. TUx plus TUy

D. MUx divided by MUy

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Correct Answer: Option D

Explanation:
MRS of X for Y is the ratio of marginal utility of X to marginal utility of Y.

This question belongs to: Economy GK Economy Set 1

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