The 'Pradhan Mantri Jan Dhan Yojana' accounts were opened primarily to: MCQ with Answer and Explanation

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The 'Pradhan Mantri Jan Dhan Yojana' accounts were opened primarily to:

A. provide loans to large companies

B. promote stock trading

C. collect taxes

D. promote savings and financial inclusion

Answer: Option D

Solution (By JKSSB Mock Tests)

PMJDY aims at financial inclusion through zero-balance savings accounts.

This question belongs to: Economy GK Economy Set 1

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The 'Brexit' refers to the exit of which country from the European Union?

A. Germany

B. France

C. United Kingdom

D. Italy

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Correct Answer: Option C

Explanation:
Brexit refers to the United Kingdom's exit from the European Union.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'dependency theory' of economic development argues that developing countries are:

A. growing faster than developed countries

B. unaffected by global trade

C. independent and self-sufficient

D. dependent on developed countries and face unequal exchange

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Correct Answer: Option D

Explanation:
Dependency theory argues developing countries are economically dependent on developed countries.

This question belongs to: Economy GK Economy Set 1

Question #3

The J-curve effect suggests that after a currency depreciation, the trade balance:

A. is unaffected

B. improves immediately

C. initially worsens before improving

D. never improves

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Correct Answer: Option C

Explanation:
The J-curve effect shows that trade balance may worsen initially after depreciation before improving.

This question belongs to: Economy GK Economy Set 1

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