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. covered households under priority and Antyodaya categories

B. only urban poor

C. all citizens

D. only farmers

Answer: Option A

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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Question #1

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Which of the following is used to measure the degree of concentration in an industry?

A. Gini coefficient only

B. Lorenz curve only

C. Human Development Index

D. Herfindahl-Hirschman Index

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Correct Answer: Option D

Explanation:
The Herfindahl-Hirschman Index (HHI) is calculated as the sum of the squares of the market shares of all firms in an industry and is widely used to measure market concentration.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Debt Overhang' refers to:

A. Only short-term liquidity problems

B. Only household debt

C. A situation of low public debt

D. A situation where existing debt is so large that it discourages new investment

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Correct Answer: Option D

Explanation:
Debt overhang occurs when a high level of existing debt reduces the incentive for new investment because a large part of the returns would accrue to existing creditors rather than to the investor.

This question belongs to: Economy GK Economy Set 1