The 'National Food Security Act, 2013' provides subsidized food grains under which category? MCQ with Answer and Explanation

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The 'National Food Security Act, 2013' provides subsidized food grains under which category?

A. Urban households only

B. Farmers only

C. Priority households and Antyodaya Anna Yojana households

D. All income groups equally

Answer: Option C

Solution (By JKSSB Mock Tests)

NFSA covers priority households and Antyodaya Anna Yojana households with subsidized food grains.

This question belongs to: Economy GK Economy Set 1

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The 'World Bank' in India provides loans primarily for:

A. elections

B. stock markets

C. development projects and economic reforms

D. defence

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Correct Answer: Option C

Explanation:
World Bank loans in India finance development projects and economic reforms.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on religious pilgrimage tours is:

A. 12%

B. 18%

C. 0%

D. 5%

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Correct Answer: Option D

Explanation:
Religious pilgrimage tours attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of monetary economics, the 'Money Multiplier' is:

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B. The ratio of fiscal deficit to GDP

C. The ratio of investment to saving

D. The ratio of broad money to reserve money

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Correct Answer: Option D

Explanation:
The money multiplier is the ratio of the stock of broad money (such as M3) to the stock of reserve money, reflecting the extent of credit creation by the banking system.

This question belongs to: Economy GK Economy Set 1

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