The 'Pradhan Mantri Annadata Aay Sanrakshan Abhiyan' is a scheme for: MCQ with Answer and Explanation

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The 'Pradhan Mantri Annadata Aay Sanrakshan Abhiyan' is a scheme for:

A. fertilizer subsidy

B. crop insurance

C. ensuring remunerative prices to farmers

D. irrigation

Answer: Option C

Solution (By JKSSB Mock Tests)

PM-AASHA aims to ensure remunerative prices to farmers through price support, price deficiency payment and private procurement.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of international trade, the 'Stolper-Samuelson Theorem' predicts that:

A. Factor prices are independent of goods prices

B. Only labour always gains from trade

C. Trade benefits all factors of production equally

D. An increase in the relative price of a good raises the real return to the factor used intensively in its production

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Correct Answer: Option D

Explanation:
The Stolper-Samuelson theorem states that a rise in the relative price of a good increases the real return to the factor used intensively in that good and reduces the real return to the other factor.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a type of elasticity of demand?

A. Only supply elasticity

B. Only production elasticity

C. Price elasticity, income elasticity and cross elasticity

D. Only cost elasticity

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Correct Answer: Option C

Explanation:
The main types of demand elasticity are price elasticity of demand, income elasticity of demand and cross elasticity of demand.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'KUSUM' scheme aims to promote:

A. biogas in urban areas

B. solar power in agriculture

C. wind energy in industries

D. nuclear power

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Correct Answer: Option B

Explanation:
PM-KUSUM promotes solar power in agriculture including solar pumps and grid-connected solar plants.

This question belongs to: Economy GK Economy Set 1

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