The 'producer price index' measures prices received by: MCQ with Answer and Explanation

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The 'producer price index' measures prices received by:

A. wholesalers only

B. consumers

C. retailers only

D. producers for their output

Answer: Option D

Solution (By JKSSB Mock Tests)

Producer Price Index measures prices received by producers.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'National Family Health Survey' is conducted under the stewardship of:

A. Ministry of Finance

B. Ministry of Health and Family Welfare

C. NITI Aayog

D. RBI

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Correct Answer: Option B

Explanation:
NFHS is conducted under the Ministry of Health and Family Welfare.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of public finance, 'Vertical Fiscal Imbalance' refers to:

A. Only the primary deficit

B. Imbalance between capital and revenue budgets only

C. Imbalance between revenue and expenditure of the same level of government

D. Mismatch between revenue-raising powers and expenditure responsibilities across different levels of government

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Correct Answer: Option D

Explanation:
Vertical fiscal imbalance arises when the revenue powers and expenditure responsibilities of different tiers of government (Centre and States) are mismatched.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Kisan Vikas Patra' is a:

A. crop insurance scheme

B. bank account

C. stock market instrument

D. small savings certificate scheme

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Correct Answer: Option D

Explanation:
Kisan Vikas Patra is a small savings certificate scheme.

This question belongs to: Economy GK Economy Set 1

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