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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Practice More Economy Set 1 Questions

Question #1

The concept of 'Economic Rent' in classical economics refers to:

A. Profit of the entrepreneur

B. Wages of labour

C. Payment for the use of land arising from its scarcity

D. Payment for the use of capital only

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Correct Answer: Option C

Explanation:
In classical economics, economic rent is the payment made for the use of land (or other resources in fixed supply) that arises due to its scarcity and differential fertility.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Customs duty' is levied on:

A. income of citizens

B. services only

C. domestic production

D. imports and exports of goods

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Correct Answer: Option D

Explanation:
Customs duty is levied on imports and, in some cases, exports of goods.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Personal Disposable Income' is personal income minus:

A. indirect taxes

B. customs duty

C. corporate tax

D. direct personal taxes and other deductions

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Correct Answer: Option D

Explanation:
Personal disposable income is personal income minus direct personal taxes and other receipts of government.

This question belongs to: Economy GK Economy Set 1

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