The 'Pradhan Mantri Jeevan Jyoti Bima Yojana' provides: MCQ with Answer and Explanation

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The 'Pradhan Mantri Jeevan Jyoti Bima Yojana' provides:

A. vehicle insurance

B. life insurance

C. crop insurance

D. health insurance

Answer: Option B

Solution (By JKSSB Mock Tests)

PMJJBY provides life insurance cover.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Spices Board of India' is headquartered in:

A. Mumbai

B. Chennai

C. Kochi

D. Delhi

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Correct Answer: Option C

Explanation:
The Spices Board of India is headquartered in Kochi.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Income' in India is now compiled by:

A. National Statistical Office

B. NITI Aayog

C. Ministry of Finance

D. RBI

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Correct Answer: Option A

Explanation:
National income is compiled by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a tool of quantitative monetary policy?

A. Direct action

B. Credit rationing

C. Open Market Operations

D. Moral suasion

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Correct Answer: Option C

Explanation:
Open Market Operations (buying and selling of government securities by RBI) is a quantitative tool that affects the overall volume of credit and money supply.

This question belongs to: Economy GK Economy Set 1

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