The 'Pradhan Mantri Kaushal Vikas Yojana' was launched in: MCQ with Answer and Explanation

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The 'Pradhan Mantri Kaushal Vikas Yojana' was launched in:

A. 2015

B. 2016

C. 2018

D. 2013

Answer: Option A

Solution (By JKSSB Mock Tests)

PMKVY was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Startup India' action plan was launched in which year?

A. 2014

B. 2018

C. 2017

D. 2016

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Correct Answer: Option D

Explanation:
Startup India was launched in January 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Adverse Selection' in insurance markets leads to:

A. No effect on the pool of insured

B. Lower-risk individuals being more likely to purchase insurance

C. Higher-risk individuals being more likely to purchase insurance

D. Only moral hazard problems

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Correct Answer: Option C

Explanation:
Because high-risk individuals have a greater incentive to buy insurance at any given premium, the insured pool tends to be riskier than the population average, driving up premiums and potentially causing market unraveling.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Income' estimates in India are prepared by:

A. RBI

B. NITI Aayog

C. National Statistical Office

D. Ministry of Statistics and Programme Implementation

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Correct Answer: Option C

Explanation:
National income estimates are prepared by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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