The 'KUSUM' scheme aims to promote: MCQ with Answer and Explanation

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The 'KUSUM' scheme aims to promote:

A. nuclear power

B. biogas in urban areas

C. solar power in agriculture

D. wind energy in industries

Answer: Option C

Solution (By JKSSB Mock Tests)

PM-KUSUM promotes solar power in agriculture including solar pumps and grid-connected solar plants.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Precautionary Saving' arises because:

A. Individuals save only for retirement

B. Only permanent income matters

C. Saving is independent of uncertainty

D. Individuals save more when future income is uncertain

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Correct Answer: Option D

Explanation:
Precautionary saving is additional saving undertaken by risk-averse agents to buffer against future income or expenditure uncertainty.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on aerated drinks is:

A. 28% plus cess

B. 12%

C. 18%

D. 5%

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Correct Answer: Option A

Explanation:
Aerated drinks attract 28% GST plus compensation cess.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Bank of Calcutta' was established in which year?

A. 1865

B. 1770

C. 1840

D. 1806

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Correct Answer: Option D

Explanation:
The Bank of Calcutta, later Bank of Bengal, was established in 1806.

This question belongs to: Economy GK Economy Set 1

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