The 'Public Provident Fund' is a: MCQ with Answer and Explanation

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The 'Public Provident Fund' is a:

A. foreign exchange instrument

B. long-term small savings scheme

C. current account

D. short-term trading instrument

Answer: Option B

Solution (By JKSSB Mock Tests)

Public Provident Fund is a long-term small savings scheme.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Code on Wages' was passed in which year?

A. 2020

B. 2017

C. 2021

D. 2019

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Correct Answer: Option D

Explanation:
The Code on Wages was passed in 2019.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Beyond GDP' movement?

A. The complete abandonment of any quantitative indicators

B. The search for broader indicators of well-being and sustainability that complement or go beyond GDP

C. The rejection of all economic statistics

D. The exclusive focus on GDP growth

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Correct Answer: Option B

Explanation:
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'exchange traded fund' for disinvestment of public sector enterprises is managed by:

A. RBI

B. IRDAI

C. PFRDA

D. SEBI-registered asset management companies

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Correct Answer: Option D

Explanation:
PSU ETFs are managed by SEBI-registered asset management companies.

This question belongs to: Economy GK Economy Set 1

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