The 'Pradhan Mantri Kaushal Vikas Yojana' is implemented by: MCQ with Answer and Explanation

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The 'Pradhan Mantri Kaushal Vikas Yojana' is implemented by:

A. RBI

B. NABARD

C. SEBI

D. National Skill Development Corporation

Answer: Option D

Solution (By JKSSB Mock Tests)

PMKVY is implemented by the National Skill Development Corporation.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of 'Open-Source' models of innovation?

A. Complete proprietary control of all code

B. Only government-mandated standards

C. Only closed innovation within a single firm

D. Collaborative development in which the source code or design is made publicly available and can be modified and redistributed

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Correct Answer: Option D

Explanation:
Open-source models rely on the public availability of source code or designs, enabling collaborative improvement, redistribution and the emergence of communities of developers around shared resources.

This question belongs to: Economy GK Economy Set 1

Question #2

Revenue deficit is calculated as:

A. revenue receipts minus revenue expenditure

B. total expenditure minus total receipts

C. revenue expenditure minus revenue receipts

D. fiscal deficit minus primary deficit

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Correct Answer: Option C

Explanation:
Revenue deficit is revenue expenditure minus revenue receipts.

This question belongs to: Economy GK Economy Set 1

Question #3

In the Keynesian framework, the paradox of thrift states that:

A. An increase in saving by all individuals may lead to a fall in aggregate income and saving

B. Saving always equals investment automatically

C. An increase in saving by all individuals leads to higher aggregate saving and income

D. Thrift is always beneficial for economic growth

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Correct Answer: Option A

Explanation:
The paradox of thrift argues that if everyone tries to save more during a recession, aggregate demand falls, leading to lower income and ultimately lower total saving.

This question belongs to: Economy GK Economy Set 1

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