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. health insurance

C. crop insurance

D. vehicle 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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Practice More Economy Set 1 Questions

Question #1

The 'World Economic Outlook' is published by:

A. World Bank

B. OECD

C. UNCTAD

D. IMF

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Correct Answer: Option D

Explanation:
The World Economic Outlook is published by the IMF.

This question belongs to: Economy GK Economy Set 1

Question #2

According to the law of diminishing marginal utility, as a consumer increases consumption of a commodity, the marginal utility derived from each additional unit:

A. increases continuously

B. first declines then increases

C. eventually declines

D. remains constant

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Correct Answer: Option C

Explanation:
The law of diminishing marginal utility states that as more units are consumed, the additional satisfaction from each extra unit eventually decreases.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Central Bank Digital Currency' is a:

A. cryptocurrency like Bitcoin

B. digital form of fiat currency issued by the central bank

C. mutual fund unit

D. private digital token

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Correct Answer: Option B

Explanation:
CBDC is a digital form of central bank issued fiat currency.

This question belongs to: Economy GK Economy Set 1

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