The Mahatma Gandhi National Rural Employment Guarantee Act guarantees how many days of wage employment in a financial year? MCQ with Answer and Explanation

Question

The Mahatma Gandhi National Rural Employment Guarantee Act guarantees how many days of wage employment in a financial year?

A. 90 days

B. 100 days

C. 120 days

D. 150 days

Answer: Option B

Solution (By JKSSB Mock Tests)

MGNREGA guarantees 100 days of wage employment in a financial year to rural households.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Employees' Provident Fund' contribution is deposited by:

A. government only

B. employee only

C. both employer and employee

D. employer only

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Correct Answer: Option C

Explanation:
EPF contribution is made by both employer and employee.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'World Economic Forum' annual meeting is held in:

A. Basel

B. Zurich

C. Davos

D. Geneva

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Correct Answer: Option C

Explanation:
WEF annual meeting is held in Davos.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a feature of a capitalist economy?

A. Collective ownership of resources

B. Central planning of all economic activities

C. Private ownership of means of production and profit motive

D. Absence of market mechanism

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Correct Answer: Option C

Explanation:
A capitalist (market) economy is characterised by private ownership of the means of production, profit motive, and resource allocation through the market mechanism.

This question belongs to: Economy GK Economy Set 1

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