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

B. free land

C. crop insurance only

D. subsidized fertilizers only

Answer: Option A

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

In the context of economic development, the 'Big Push' theory is associated with:

A. Complete reliance on market forces

B. Gradualism in investment

C. The need for a minimum quantum of investment to overcome indivisibilities

D. Only agricultural development

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Correct Answer: Option C

Explanation:
The Big Push theory, associated with Rosenstein-Rodan, argues that a large, coordinated investment is required to overcome complementarities and indivisibilities in developing economies.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of the digital economy, 'Zero-Price Markets' are characterised by:

A. Markets in which all goods are free without any monetisation

B. Only traditional markets with positive prices

C. Markets in which the monetary price charged to users is zero and platforms monetise through other means such as advertising or data

D. Markets without any economic activity

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Correct Answer: Option C

Explanation:
Zero-price markets are those in which consumers pay no monetary price; the platform typically monetises through advertising, data sales or complementary paid services, raising distinctive issues for competition analysis.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Mega Food Park' scheme aims to:

A. increase food imports

B. reduce food production

C. create modern food processing infrastructure

D. promote raw exports only

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Correct Answer: Option C

Explanation:
Mega Food Parks provide modern food processing infrastructure and supply chain facilities.

This question belongs to: Economy GK Economy Set 1

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