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. life insurance

B. vehicle insurance

C. crop insurance

D. health insurance

Answer: Option A

Solution (By JKSSB Mock Tests)

PMJJBY provides life insurance cover.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is NOT a objective of economic planning in India?

A. Economic growth

B. Modernisation

C. Self-reliance

D. Maximisation of inequality

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Correct Answer: Option D

Explanation:
Economic planning in India aimed at growth, modernisation, self-reliance and social justice (reduction of inequality), not maximisation of inequality.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Policy on Skill Development and Entrepreneurship' was released in which year?

A. 2015

B. 2020

C. 2018

D. 2009

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Correct Answer: Option A

Explanation:
The National Policy on Skill Development and Entrepreneurship was released in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

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A Pigouvian tax is imposed to:

A. increase imports

B. encourage production of positive externality goods

C. internalize the external cost of a negative externality

D. reduce government revenue

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Correct Answer: Option C

Explanation:
A Pigouvian tax is levied to make producers internalize the external cost of negative externalities.

This question belongs to: Economy GK Economy Set 1

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