The 'National Food Security Act' provides legal entitlement to subsidized food grains to: MCQ with Answer and Explanation

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The 'National Food Security Act' provides legal entitlement to subsidized food grains to:

A. only farmers

B. only urban poor

C. covered households under priority and Antyodaya categories

D. all citizens

Answer: Option C

Solution (By JKSSB Mock Tests)

NFSA provides subsidized food grains to priority households and Antyodaya Anna Yojana households.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'One District One Product' initiative aims to promote:

A. uniform industrial policy

B. district-specific products and exports

C. single tax rate

D. uniform education

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Correct Answer: Option B

Explanation:
One District One Product promotes production of unique products in each district for economic development and exports.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of national income accounting, which of the following is a transfer payment and not included in national income?

A. Interest on public debt

B. Rent

C. Profits

D. Wages and salaries

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Correct Answer: Option A

Explanation:
Interest on public debt is a transfer payment and is not included in national income as it does not correspond to any current production of goods or services.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Consumer Price Index' in India uses which base year?

A. 2016

B. 2012

C. 2010

D. 2019

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Correct Answer: Option B

Explanation:
CPI-Combined uses base year 2012.

This question belongs to: Economy GK Economy Set 1

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