The 'maternity benefit' under the Maternity Benefit Act provides paid leave of how many weeks? MCQ with Answer and Explanation

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The 'maternity benefit' under the Maternity Benefit Act provides paid leave of how many weeks?

A. 14 weeks

B. 12 weeks

C. 26 weeks

D. 30 weeks

Answer: Option C

Solution (By JKSSB Mock Tests)

The Maternity Benefit Amendment Act 2017 increased paid maternity leave to 26 weeks.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the 'Debt-Deflation' theory associated with Irving Fisher?

A. Only inflation causes debt problems

B. Deflation always reduces the real burden of debt

C. Falling prices raise the real value of debt, leading to further declines in spending and prices

D. Debt is irrelevant for the business cycle

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Correct Answer: Option C

Explanation:
Fisher’s debt-deflation theory argues that an initial decline in prices increases the real burden of nominal debt, forcing distressed selling and further price declines in a downward spiral.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Liquidity Preference' includes which of the following motives?

A. Only precautionary motive

B. Only transactions motive

C. Transactions, precautionary and speculative motives

D. Only speculative motive

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Correct Answer: Option C

Explanation:
According to Keynes, the demand for money (liquidity preference) arises from three motives: transactions, precautionary and speculative.

This question belongs to: Economy GK Economy Set 1