The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in: MCQ with Answer and Explanation

Question

Share Report Error

The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:

A. 2007

B. 2009

C. 2004

D. 2005

Answer: Option D

Solution (By JKSSB Mock Tests)

MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

Which of the following is used to measure the degree of concentration in an industry?

A. Human Development Index

B. Lorenz curve only

C. Herfindahl-Hirschman Index

D. Gini coefficient only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Herfindahl-Hirschman Index (HHI) is calculated as the sum of the squares of the market shares of all firms in an industry and is widely used to measure market concentration.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

SEBI was given statutory status in which year?

A. 1995

B. 2000

C. 1992

D. 1988

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
SEBI was established in 1988 and given statutory status in 1992.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The concept of 'Universal Basic Income' proposes:

A. Only in-kind transfers

B. Only unemployment insurance for the temporarily jobless

C. Only targeted transfers to the poor conditional on work

D. An unconditional cash transfer paid regularly to all individuals regardless of employment status or income

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Universal basic income is a policy proposal under which every citizen receives a regular, unconditional sum of money from the government, irrespective of other income or employment status.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs