The 'Pradhan Mantri Gram Sadak Yojana' was launched in: MCQ with Answer and Explanation

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The 'Pradhan Mantri Gram Sadak Yojana' was launched in:

A. 2000

B. 2010

C. 1995

D. 2005

Answer: Option A

Solution (By JKSSB Mock Tests)

PMGSY was launched in 2000.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on mineral water is:

A. 18%

B. 12%

C. 28%

D. 5%

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Correct Answer: Option A

Explanation:
Mineral water attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of measuring inequality, the 'Palma Ratio' is defined as:

A. The ratio of the top 1 per cent to the bottom 1 per cent

B. The Gini coefficient multiplied by 100

C. The share of the middle 50 per cent only

D. The ratio of the income share of the top 10 per cent to that of the bottom 40 per cent

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Correct Answer: Option D

Explanation:
The Palma ratio is the ratio of the income share of the richest 10 per cent of the population to that of the poorest 40 per cent; it focuses on the tails of the distribution that account for most inequality.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Atal Innovation Mission' is part of:

A. Ministry of Finance

B. SEBI

C. Make in India

D. NITI Aayog

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Correct Answer: Option D

Explanation:
Atal Innovation Mission is a NITI Aayog initiative.

This question belongs to: Economy GK Economy Set 1

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