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. irrigation

B. ensuring remunerative prices to farmers

C. fertilizer subsidy

D. crop insurance

Answer: Option B

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

Which of the following is not a determinant of money demand in Keynesian theory?

A. Depreciation motive

B. Precautionary motive

C. Transactions motive

D. Speculative motive

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Correct Answer: Option A

Explanation:
Keynes identified transactions, precautionary and speculative motives for holding money, not depreciation motive.

This question belongs to: Economy GK Economy Set 1

Question #2

The marginal propensity to consume is the ratio of:

A. change in saving to change in income

B. total consumption to total income

C. change in consumption to change in income

D. consumption to saving

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Correct Answer: Option C

Explanation:
MPC is the ratio of change in consumption to change in income.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Housing as a Human Right' implies that:

A. Only the absence of any public housing policy

B. Only home ownership is a right

C. Housing is only a private market commodity without any rights dimension

D. Adequate housing is regarded as a fundamental entitlement that states have obligations to respect, protect and fulfil

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Correct Answer: Option D

Explanation:
The recognition of housing as a human right, grounded in international human-rights instruments, entails obligations on states to ensure progressive access to adequate, affordable and secure housing for all.

This question belongs to: Economy GK Economy Set 1

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