The 'Pradhan Mantri Awaas Yojana - Gramin' aims to provide: MCQ with Answer and Explanation

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The 'Pradhan Mantri Awaas Yojana - Gramin' aims to provide:

A. crop loans

B. pucca houses to rural poor

C. urban housing

D. skill training

Answer: Option B

Solution (By JKSSB Mock Tests)

PMAY-G provides pucca houses with basic amenities to rural poor households.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of public debt, the 'Domar Condition' for debt sustainability relates to:

A. Only external debt

B. Only the maturity structure of debt

C. Only the level of absolute debt

D. The relationship between the interest rate, growth rate and primary balance

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Correct Answer: Option D

Explanation:
The Domar condition indicates that the debt-to-GDP ratio will stabilise or decline if the primary surplus is sufficient relative to the difference between the interest rate and the growth rate of GDP.

This question belongs to: Economy GK Economy Set 1

Question #2

Tax Deduction at Source means:

A. the taxpayer pays tax after assessment

B. tax is paid by the employer after salary payment

C. tax is waived

D. the payer deducts tax at the time of payment and deposits it with the government

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Correct Answer: Option D

Explanation:
TDS requires the payer to deduct tax at source and deposit it with the government.

This question belongs to: Economy GK Economy Set 1

Question #3

Under perfect competition, the profit-maximizing condition for a firm is:

A. P = AC

B. MR = MC and MC is rising

C. MR is maximum

D. TR is maximum

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Correct Answer: Option B

Explanation:
A perfectly competitive firm maximizes profit where marginal revenue equals marginal cost and MC is rising.

This question belongs to: Economy GK Economy Set 1

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