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. 75% rural and 50% urban
B. 80% rural and 60% urban
C. 60% rural and 40% urban
D. 50% rural and 50% urban
Answer: Option A
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 'Central Board of Direct Taxes' is a part of:
A. SEBI
B. RBI
C. NITI Aayog
D. Ministry of Finance

Correct Answer: Option D


Explanation:
CBDT is part of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Food Corporation of India' was established in which year?
A. 1970
B. 1975
C. 1956
D. 1965

Correct Answer: Option D


Explanation:
The Food Corporation of India was established in 1965.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a type of market structure based on the number of sellers?
A. Oligopoly (few sellers)
B. Duopoly (two sellers)
C. Monopsony as a seller-based classification
D. Monopoly (one seller)

Correct Answer: Option C


Explanation:
Monopsony refers to a market with a single buyer. Market structures based on the number of sellers are monopoly, duopoly, oligopoly and perfect competition (many sellers).

This question belongs to: Economy GK Economy Set 1