The 'Pradhan Mantri Ujjwala Yojana' was launched by which ministry? MCQ with Answer and Explanation

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The 'Pradhan Mantri Ujjwala Yojana' was launched by which ministry?

A. Ministry of Petroleum and Natural Gas

B. Ministry of Rural Development

C. Ministry of Health

D. Ministry of Women and Child Development

Answer: Option A

Solution (By JKSSB Mock Tests)

PMUY is implemented by the Ministry of Petroleum and Natural Gas.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

GDP at market prices equals GDP at factor cost:

A. minus indirect taxes minus subsidies

B. minus indirect taxes plus subsidies

C. plus indirect taxes plus subsidies

D. plus indirect taxes minus subsidies

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Correct Answer: Option D

Explanation:
GDP at market prices = GDP at factor cost + indirect taxes - subsidies.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on takeaway food from restaurants is:

A. 18%

B. 5%

C. 12%

D. 28%

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Correct Answer: Option B

Explanation:
Takeaway food from restaurants attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of monetary policy, 'Forward Guidance' refers to:

A. Communication by the central bank about the likely future path of policy rates

B. Only reserve requirements

C. Only changes in the current policy rate

D. Only quantitative easing

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Correct Answer: Option A

Explanation:
Forward guidance is a policy tool in which the central bank communicates its intentions regarding the future path of the policy rate or other policy instruments in order to influence longer-term rates and expectations.

This question belongs to: Economy GK Economy Set 1

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