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

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The 'Kisan Vikas Patra' is a:

A. stock market instrument

B. crop insurance scheme

C. bank account

D. small savings certificate scheme

Answer: Option D

Solution (By JKSSB Mock Tests)

Kisan Vikas Patra is a small savings certificate scheme.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of international trade, 'Terms of Trade' refer to:

A. Ratio of import prices to export prices

B. Ratio of export prices to import prices

C. Volume of exports to volume of imports

D. Value of exports to value of imports

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Correct Answer: Option B

Explanation:
Terms of Trade (TOT) is the ratio of a country's export prices to its import prices, usually expressed as an index.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Gross National Product at market prices' equals GDP at market prices plus:

A. depreciation

B. indirect taxes

C. subsidies

D. net factor income from abroad

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Correct Answer: Option D

Explanation:
GNP at market prices = GDP at market prices + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a non-tax revenue of the government?

A. Corporation tax

B. Interest receipts

C. Customs duty

D. Income tax

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Correct Answer: Option B

Explanation:
Non-tax revenue includes interest receipts, dividends and profits from PSUs, fees, fines, etc. Taxes like corporation tax, income tax and customs duty are tax revenues.

This question belongs to: Economy GK Economy Set 1

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