The 'Kisan Vikas Patra' is a: MCQ with Answer and Explanation

The 'Kisan Vikas Patra' is a:
A. small savings certificate scheme
B. bank account
C. crop insurance scheme
D. stock market instrument
Answer: Option A
Solution (By JKSSB Mock Tests)
Kisan Vikas Patra is a small savings certificate scheme.

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Practice More Economy Set 1 Questions

Question #1
The 'euro' currency was introduced as an accounting currency in which year?
A. 2005
B. 1999
C. 2002
D. 1992

Correct Answer: Option B


Explanation:
The euro was introduced in bookkeeping form in 1999, with physical notes and coins in 2002.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a function of the World Trade Organisation?
A. Providing a forum for trade negotiations
B. Settling trade disputes
C. Administering trade agreements
D. Providing long-term development finance

Correct Answer: Option D


Explanation:
Long-term development finance is the function of the World Bank. The WTO deals with trade rules, negotiations and dispute settlement.

This question belongs to: Economy GK Economy Set 1
Question #3
In the Mundell-Fleming model under perfect capital mobility and floating exchange rates, monetary policy is:
A. Completely neutral
B. Ineffective in influencing output
C. Highly effective in influencing output
D. Effective only in the long run

Correct Answer: Option C


Explanation:
Under perfect capital mobility and floating exchange rates, an expansionary monetary policy lowers interest rates, causes capital outflow and currency depreciation, which boosts net exports and output, making monetary policy highly effective.

This question belongs to: Economy GK Economy Set 1