The 'National Social Assistance Programme' provides social assistance to: MCQ with Answer and Explanation

The 'National Social Assistance Programme' provides social assistance to:
A. government employees
B. all citizens
C. elderly, widows and disabled persons in need
D. children only
Answer: Option C
Solution (By JKSSB Mock Tests)
NSAP provides social assistance to elderly, widows and persons with disabilities.

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Practice More Economy Set 1 Questions

Question #1
The 'producer price index' measures prices received by:
A. retailers only
B. producers for their output
C. consumers
D. wholesalers only

Correct Answer: Option B


Explanation:
Producer Price Index measures prices received by producers.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a quantitative credit control measure of RBI?
A. Variable Reserve Requirements
B. Credit Rationing
C. Open Market Operations
D. Bank Rate Policy

Correct Answer: Option B


Explanation:
Credit rationing is a qualitative (selective) credit control measure. Bank Rate, OMO and variable reserve ratios (CRR/SLR) are quantitative measures.

This question belongs to: Economy GK Economy Set 1
Question #3
An indifference curve is convex to the origin because of:
A. increasing returns to scale
B. diminishing marginal rate of substitution
C. increasing marginal rate of substitution
D. constant marginal utility

Correct Answer: Option B


Explanation:
Convexity of indifference curves is due to diminishing marginal rate of substitution.

This question belongs to: Economy GK Economy Set 1