The 'National Mission on Food Processing' is implemented by the Ministry of: MCQ with Answer and Explanation

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The 'National Mission on Food Processing' is implemented by the Ministry of:

A. Food Processing Industries

B. Agriculture

C. Health

D. Consumer Affairs

Answer: Option A

Solution (By JKSSB Mock Tests)

The National Mission on Food Processing is implemented by the Ministry of Food Processing Industries.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of elasticity, cross elasticity of demand between two complementary goods is:

A. Positive

B. Infinity

C. Negative

D. Zero

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Correct Answer: Option C

Explanation:
For complementary goods (e.g., car and petrol), an increase in the price of one leads to a decrease in demand for the other, so cross elasticity is negative.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of labour-market institutions, the 'Ghent System' refers to:

A. Only private insurance markets

B. Only government-run unemployment insurance with no union role

C. A system in which trade unions play a major role in the administration of unemployment insurance, contributing to high union density

D. A pure market system without any unions

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Correct Answer: Option C

Explanation:
The Ghent system, historically associated with certain Nordic and Low Countries, links unemployment benefits to union membership or administration, thereby providing a selective incentive for workers to join unions.

This question belongs to: Economy GK Economy Set 1