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

The 'Kisan Vikas Patra' is a:
A. bank account
B. crop insurance scheme
C. stock market instrument
D. small savings certificate scheme
Answer: Option D
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 'Bretton Woods twins' refer to:
A. ILO and WHO
B. IMF and World Bank
C. UNESCO and FAO
D. WTO and UNCTAD

Correct Answer: Option B


Explanation:
The IMF and World Bank are known as the Bretton Woods twins.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a type of budget deficit?
A. Fiscal deficit
B. Primary deficit
C. Trade deficit
D. Revenue deficit

Correct Answer: Option C


Explanation:
Trade deficit is a component of the balance of payments (external sector). Revenue, fiscal and primary deficits are concepts related to the government budget.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of labour markets, the 'Gig Economy' is characterised by:
A. Only agricultural self-employment
B. Only permanent full-time employment
C. Only public-sector jobs
D. Short-term, flexible jobs often mediated by digital platforms rather than traditional long-term employment contracts

Correct Answer: Option D


Explanation:
The gig economy refers to labour markets characterised by short-term contracts or freelance work, frequently organised through online platforms that match workers with individual tasks or projects.

This question belongs to: Economy GK Economy Set 1