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

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The 'Pradhan Mantri Shram Yogi Maandhan' provides pension to:

A. only farmers

B. only government employees

C. all citizens

D. unorganized sector workers in the age group of 18 to 40 years

Answer: Option D

Solution (By JKSSB Mock Tests)

PM-SYM provides monthly pension to unorganized workers aged 18-40.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

An indifference curve is convex to the origin because of:

A. constant marginal utility

B. diminishing marginal rate of substitution

C. increasing returns to scale

D. increasing marginal rate of substitution

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Correct Answer: Option B

Explanation:
Convexity of indifference curves is due to diminishing marginal rate of substitution.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'European Union' is an example of:

A. a free trade area only

B. an economic union

C. a simple customs union

D. a bilateral agreement

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Correct Answer: Option B

Explanation:
The European Union is an economic union with deep integration, including common currency for many members.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of Indian banking, the term 'Priority Sector Lending' includes advances to:

A. Agriculture, micro and small enterprises, education and housing

B. Only infrastructure projects by private companies

C. Only export-oriented units

D. Only large industrial houses

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Correct Answer: Option A

Explanation:
Priority Sector Lending targets sectors such as agriculture, micro, small and medium enterprises, education, housing, social infrastructure and renewable energy.

This question belongs to: Economy GK Economy Set 1

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