The 'Public Distribution System' in India is administered by: MCQ with Answer and Explanation

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The 'Public Distribution System' in India is administered by:

A. Ministry of Agriculture

B. Ministry of Finance

C. Department of Food and Public Distribution

D. NITI Aayog

Answer: Option C

Solution (By JKSSB Mock Tests)

The public distribution system is administered by the Department of Food and Public Distribution.

This question belongs to: Economy GK Economy Set 1

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The 'Human Development Index' includes indicators of:

A. income, environment and defence

B. only education and health

C. income, education and health

D. only income

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Correct Answer: Option C

Explanation:
HDI combines per capita income, education and life expectancy indicators.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Liquidity Preference' theory explains the determination of:

A. Real wages

B. Rent on land

C. Profit rate

D. Rate of interest

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Correct Answer: Option D

Explanation:
According to Keynes, the rate of interest is determined by the demand for money (liquidity preference) and the supply of money.

This question belongs to: Economy GK Economy Set 1

Question #3

The Energy Crisis in India is often measured in terms of:

A. fiscal deficit

B. agricultural output

C. peak demand deficit and energy deficit

D. forest cover

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Correct Answer: Option C

Explanation:
The power sector deficit is measured by the gap between peak demand and availability.

This question belongs to: Economy GK Economy Set 1

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