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

Question
The 'KUSUM' scheme aims to promote:
A. solar power in agriculture
B. biogas in urban areas
C. nuclear power
D. wind energy in industries
Answer: Option A
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
In the context of the digital economy, 'Zero-Price Markets' are characterised by:
A. Markets in which the monetary price charged to users is zero and platforms monetise through other means such as advertising or data
B. Only traditional markets with positive prices
C. Markets without any economic activity
D. Markets in which all goods are free without any monetisation
Discuss
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Correct Answer: Option A

Explanation:
Zero-price markets are those in which consumers pay no monetary price; the platform typically monetises through advertising, data sales or complementary paid services, raising distinctive issues for competition analysis.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a major reason for the growth of the service sector in India?
A. Liberalisation, IT revolution and rising incomes
B. Only agricultural growth
C. Decline in demand for services
D. Complete absence of industrial growth
Discuss
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Correct Answer: Option A

Explanation:
The service sector in India has grown rapidly due to economic liberalisation, the information technology revolution, rising incomes and global demand for services such as software and BPO.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'GST' regime has not subsumed which central tax?
A. Basic customs duty
B. Additional excise duty
C. Special additional customs duty
D. Service tax
Discuss
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Correct Answer: Option A

Explanation:
Basic customs duty remains outside GST.
This question belongs to: Economy GK Economy Set 1
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