The 'PM-KISAN' income support is transferred in how many equal instalments per year? MCQ with Answer and Explanation

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The 'PM-KISAN' income support is transferred in how many equal instalments per year?

A. 2

B. 3

C. 4

D. 6

Answer: Option B

Solution (By JKSSB Mock Tests)

PM-KISAN provides Rs 6,000 in three equal instalments of Rs 2,000 each.

This question belongs to: Economy GK Economy Set 1

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Question #1

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If the marginal propensity to save is 0.25, then the marginal propensity to consume is:

A. 0.50

B. 0.75

C. 1.25

D. 0.25

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Correct Answer: Option B

Explanation:
MPC + MPS = 1, so MPC = 1 - 0.25 = 0.75.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on electric vehicles is:

A. 5%

B. 18%

C. 12%

D. 28%

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Correct Answer: Option A

Explanation:
Electric vehicles attract 5% GST to promote clean mobility.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on solar panels is:

A. 18%

B. 5%

C. 28%

D. 12%

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Correct Answer: Option B

Explanation:
Solar panels and modules attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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