The 'Pradhan Mantri Shram Yogi Maandhan' provides pension to: MCQ with Answer and Explanation

The 'Pradhan Mantri Shram Yogi Maandhan' provides pension to:
A. only farmers
B. only government employees
C. unorganized sector workers in the age group of 18 to 40 years
D. all citizens
Answer: Option C
Solution (By JKSSB Mock Tests)
PM-SYM provides monthly pension to unorganized workers aged 18-40.

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Practice More Economy Set 1 Questions

Question #1
The Reserve Bank of India acts as lender of last resort by:
A. lending only to the central government
B. issuing currency against gold
C. giving loans to the public at low interest
D. providing funds to banks when they cannot obtain funds from other sources

Correct Answer: Option D


Explanation:
The RBI as lender of last resort provides funds to banks facing liquidity crises when other sources are unavailable.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Washington Consensus' refers to a set of policies emphasizing:
A. import substitution and state control
B. trade barriers
C. nationalization
D. liberalization, privatization and macroeconomic stability

Correct Answer: Option D


Explanation:
The Washington Consensus emphasized liberalization, privatization and macroeconomic stability.

This question belongs to: Economy GK Economy Set 1
Question #3
The Gini coefficient measures:
A. inflation
B. poverty
C. income inequality
D. unemployment

Correct Answer: Option C


Explanation:
The Gini coefficient measures income inequality.

This question belongs to: Economy GK Economy Set 1