The 'Pradhan Mantri Suraksha Bima Yojana' provides insurance against: MCQ with Answer and Explanation

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The 'Pradhan Mantri Suraksha Bima Yojana' provides insurance against:

A. crop loss

B. health expenses

C. accidental death and disability

D. unemployment

Answer: Option C

Solution (By JKSSB Mock Tests)

PMSBY provides accidental death and disability insurance.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'liquidity adjustment facility' was introduced in India based on the recommendations of:

A. Urjit Patel Committee

B. Narasimham Committee

C. Kelkar Committee

D. Rangarajan Committee

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Correct Answer: Option B

Explanation:
The Liquidity Adjustment Facility was introduced in 2000 based on Narasimham Committee recommendations.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following methods estimates national income by summing wages, rent, interest and profit?

A. Value added method

B. Income method

C. Expenditure method

D. Production method

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Correct Answer: Option B

Explanation:
The income method sums all factor incomes: wages, rent, interest and profit.

This question belongs to: Economy GK Economy Set 1

Question #3

The Labour Force Participation Rate is calculated as:

A. labour force divided by working-age population multiplied by 100

B. total population divided by employed

C. employed divided by unemployed

D. unemployed divided by labour force multiplied by 100

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Correct Answer: Option A

Explanation:
LFPR = (labour force / working-age population) × 100.

This question belongs to: Economy GK Economy Set 1

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