The 'National Rural Health Mission' was launched in: MCQ with Answer and Explanation

The 'National Rural Health Mission' was launched in:
A. 2013
B. 2000
C. 2010
D. 2005
Answer: Option D
Solution (By JKSSB Mock Tests)
NRHM was launched in 2005.

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Practice More Economy Set 1 Questions

Question #1
The 'reverse charge mechanism' under GST is applicable when:
A. goods are imported only
B. a registered supplier sells to an unregistered recipient
C. the recipient is required to pay tax instead of the supplier
D. goods are exported

Correct Answer: Option C


Explanation:
Under reverse charge, the recipient pays GST instead of the supplier.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is an example of a merit good?
A. Gambling
B. Cigarettes
C. Alcohol
D. Education

Correct Answer: Option D


Explanation:
Merit goods are those that the government feels people will under-consume and which ought to be subsidised or provided free, such as education and healthcare.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of production theory, an isoquant represents:
A. Combinations of income and consumption
B. Combinations of prices that maximise profit
C. Combinations of two inputs that produce the same level of output
D. Combinations of two goods that give the same utility

Correct Answer: Option C


Explanation:
An isoquant is a locus of points showing different combinations of two inputs that yield the same quantity of output.

This question belongs to: Economy GK Economy Set 1