The 'Pradhan Mantri Ujjwala Yojana' was launched in: MCQ with Answer and Explanation

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The 'Pradhan Mantri Ujjwala Yojana' was launched in:

A. 2016

B. 2018

C. 2017

D. 2014

Answer: Option A

Solution (By JKSSB Mock Tests)

PMUY was launched in 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is NOT a type of unemployment in developing countries?

A. Disguised unemployment

B. Open unemployment

C. Natural rate of unemployment as a policy target only

D. Seasonal unemployment

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Correct Answer: Option C

Explanation:
Disguised, seasonal and open unemployment are common in developing countries. The natural rate of unemployment is a concept more relevant to developed economies and macroeconomic policy.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'General Agreement on Trade in Services' is part of:

A. World Bank

B. IMF

C. WTO

D. UNCTAD

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Correct Answer: Option C

Explanation:
GATS is a WTO agreement covering trade in services.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Special Drawing Right' value is calculated based on a basket of currencies that includes which five currencies?

A. US dollar, euro, rupee, pound, yen

B. US dollar, euro, yen, pound, rupee

C. US dollar, euro, yen, pound, yuan

D. US dollar, euro, franc, pound, yuan

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Correct Answer: Option C

Explanation:
The SDR basket comprises US dollar, euro, Chinese yuan, Japanese yen and British pound.

This question belongs to: Economy GK Economy Set 1

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