The National Food Security Act, 2013 covers what proportion of the rural and urban population respectively for subsidized food grains? MCQ with Answer and Explanation

The National Food Security Act, 2013 covers what proportion of the rural and urban population respectively for subsidized food grains?
A. 80% rural and 60% urban
B. 60% rural and 40% urban
C. 50% rural and 50% urban
D. 75% rural and 50% urban
Answer: Option D
Solution (By JKSSB Mock Tests)
The NFSA covers 75% of the rural population and 50% of the urban population.

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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on legal services provided to government is:
A. 18%
B. 12%
C. 0%
D. exempt

Correct Answer: Option D


Explanation:
Legal services provided to government are exempt from GST.

This question belongs to: Economy GK Economy Set 1
Question #2
Devaluation of a currency refers to:
A. buying of foreign currency by the central bank
B. official lowering of the value of a currency under a fixed exchange rate system
C. a rise in domestic interest rates
D. market-determined fall in the value of a currency

Correct Answer: Option B


Explanation:
Devaluation is the official lowering of a currency's value under a fixed exchange rate system.

This question belongs to: Economy GK Economy Set 1
Question #3
The Wholesale Price Index in India measures price movements of:
A. agricultural products only
B. goods only
C. services only
D. goods and services

Correct Answer: Option B


Explanation:
WPI measures price movements of goods only; it does not include services.

This question belongs to: Economy GK Economy Set 1