The 'Pradhan Mantri Kisan Samman Nidhi' provides income support to all landholding farmer families, irrespective of landholding size. MCQ with Answer and Explanation

The 'Pradhan Mantri Kisan Samman Nidhi' provides income support to all landholding farmer families, irrespective of landholding size.
A. Only for small farmers
B. False
C. True
D. Only for marginal farmers
Answer: Option C
Solution (By JKSSB Mock Tests)
PM-KISAN covers all landholding farmer families subject to certain exclusions, irrespective of landholding size.

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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on software services is:
A. 28%
B. 12%
C. 5%
D. 18%

Correct Answer: Option D


Explanation:
Software services attract 18% GST.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Ratchet Effect' in consumption theory?
A. Consumption falls symmetrically with income
B. Consumption is independent of past income
C. Consumption rises with income but is resistant to falling when income declines
D. Only permanent income matters

Correct Answer: Option C


Explanation:
The ratchet effect, associated with Duesenberry’s relative-income hypothesis, describes the asymmetry whereby consumption adjusts upward more readily than downward when income changes.

This question belongs to: Economy GK Economy Set 1
Question #3
The apex institution for agricultural and rural credit in India is:
A. EXIM Bank
B. NABARD
C. SIDBI
D. RBI

Correct Answer: Option B


Explanation:
NABARD is the apex institution for agricultural and rural credit.

This question belongs to: Economy GK Economy Set 1