The Kisan Credit Card scheme provides farmers with: MCQ with Answer and Explanation

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The Kisan Credit Card scheme provides farmers with:

A. subsidized fertilizers only

B. free land

C. crop insurance only

D. short-term and long-term credit facilities for agricultural needs

Answer: Option D

Solution (By JKSSB Mock Tests)

The Kisan Credit Card provides farmers with timely credit for cultivation and other agricultural needs.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on two-wheelers is:

A. 12%

B. 18%

C. 28%

D. 28% plus cess

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Correct Answer: Option C

Explanation:
Two-wheelers attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a type of economic system?

A. Barter economy as a complete system classification

B. Socialist economy

C. Mixed economy

D. Capitalist economy

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Correct Answer: Option A

Explanation:
Economic systems are classified as capitalist, socialist and mixed based on ownership and resource allocation. Barter is a method of exchange, not a complete economic system classification.

This question belongs to: Economy GK Economy Set 1

Question #3

The Phillips curve shows an inverse relationship between:

A. money supply and price level

B. inflation and interest rates

C. inflation and unemployment

D. output and employment

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Correct Answer: Option C

Explanation:
The Phillips curve suggests a short-run trade-off between inflation and unemployment.

This question belongs to: Economy GK Economy Set 1

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