The 'National Smart Grid Mission' aims to: MCQ with Answer and Explanation

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The 'National Smart Grid Mission' aims to:

A. provide housing

B. modernize the power grid

C. promote tourism

D. build roads

Answer: Option B

Solution (By JKSSB Mock Tests)

The National Smart Grid Mission aims to modernize the electricity grid.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Bharat Bill Payment System' is operated by:

A. SBI

B. SEBI

C. RBI

D. NPCI

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Correct Answer: Option D

Explanation:
BBPS is operated by NPCI for bill payments.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of the future of work, 'Skill-Biased Technical Change' refers to:

A. Technical change that is neutral across skill groups

B. Technological progress that raises the relative demand for skilled labour and contributes to wage inequality

C. Technical change that only benefits unskilled labour

D. Only the displacement of all labour

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Correct Answer: Option B

Explanation:
Skill-biased technical change describes innovations that complement skilled workers more than unskilled workers, increasing the relative demand for and returns to skill and contributing to rising wage inequality.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Bank for International Settlements' headquarters is in:

A. Geneva

B. Basel

C. Zurich

D. London

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Correct Answer: Option B

Explanation:
BIS headquarters is in Basel.

This question belongs to: Economy GK Economy Set 1

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