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. collect taxes

B. provide loans to large companies

C. promote stock trading

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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Question #1

The 'World Happiness Report' is published by:

A. United Nations Sustainable Development Solutions Network

B. World Economic Forum

C. IMF

D. World Bank

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Correct Answer: Option A

Explanation:
The World Happiness Report is published by the UN Sustainable Development Solutions Network.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on edible oils is:

A. 18%

B. 0%

C. 12%

D. 5%

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Correct Answer: Option D

Explanation:
Edible oils attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Annual Information Statement' in income tax is:

A. a statement of foreign travel

B. a statement of taxes only

C. a bank statement

D. a statement of specified financial transactions

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Correct Answer: Option D

Explanation:
AIS is a statement of specified financial transactions.

This question belongs to: Economy GK Economy Set 1

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