The 'Kisan Credit Card' was introduced in which year? MCQ with Answer and Explanation

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The 'Kisan Credit Card' was introduced in which year?

A. 1995

B. 2005

C. 2001

D. 1998

Answer: Option D

Solution (By JKSSB Mock Tests)

Kisan Credit Card was introduced in 1998.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The primary market deals with:

A. new issue of securities

B. only government bonds

C. trading of existing shares

D. foreign currency

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Correct Answer: Option A

Explanation:
The primary market deals with the issuance of new securities.

This question belongs to: Economy GK Economy Set 1

Question #2

If the marginal propensity to save is 0.25, then the marginal propensity to consume is:

A. 1.25

B. 0.50

C. 0.25

D. 0.75

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Correct Answer: Option D

Explanation:
MPC + MPS = 1, so MPC = 1 - 0.25 = 0.75.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'New Trade Theory' associated with Paul Krugman?

A. Trade is explained only by differences in factor endowments

B. Only comparative advantage based on technology differences matters

C. Trade always reduces welfare

D. Economies of scale and product differentiation can explain trade even between similar countries

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Correct Answer: Option D

Explanation:
New Trade Theory emphasises that increasing returns to scale and consumers’ preference for variety can generate trade and gains from trade even between countries with similar factor endowments.

This question belongs to: Economy GK Economy Set 1

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