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

Question
The 'National Social Assistance Programme' provides social assistance to:
A. all citizens
B. elderly, widows and disabled persons in need
C. children only
D. government employees
Answer: Option B
Solution (By JKSSB Mock Tests)
NSAP provides social assistance to elderly, widows and persons with disabilities.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of a Giffen good?
A. It is a luxury good
B. Demand increases as price increases due to strong negative income effect
C. Demand decreases as price increases
D. Income elasticity is positive
Discuss
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Correct Answer: Option B

Explanation:
A Giffen good is an inferior good for which the negative income effect outweighs the substitution effect, resulting in an upward-sloping demand curve.
This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Fiscal Multiplier' measures:
A. The change in output resulting from a unit change in government spending or taxes
B. Only the change in interest rates
C. Only the change in the money supply
D. Only the change in the exchange rate
Discuss
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Correct Answer: Option A

Explanation:
The fiscal multiplier is the ratio of the change in real GDP to an exogenous change in the fiscal instrument (government purchases or taxes).
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Food and Agriculture Organization' is headquartered in:
A. Geneva
B. Rome
C. Vienna
D. New York
Discuss
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Correct Answer: Option B

Explanation:
The Food and Agriculture Organization is headquartered in Rome, Italy.
This question belongs to: Economy GK Economy Set 1
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