The 'Rashtriya Krishi Vikas Yojana' aims at: MCQ with Answer and Explanation

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The 'Rashtriya Krishi Vikas Yojana' aims at:

A. tourism development

B. agricultural development and infrastructure

C. urban housing

D. industrial growth

Answer: Option B

Solution (By JKSSB Mock Tests)

RKVY aims at promoting agricultural development and related infrastructure.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Organisation for Economic Co-operation and Development' is headquartered in:

A. London

B. Geneva

C. New York

D. Paris

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Correct Answer: Option D

Explanation:
OECD is headquartered in Paris.

This question belongs to: Economy GK Economy Set 1

Question #2

The sacrifice ratio measures:

A. the ratio of tax revenue to GDP

B. the cost of inflation in terms of lost output

C. the ratio of exports to imports

D. the cost of unemployment in terms of inflation

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Correct Answer: Option B

Explanation:
The sacrifice ratio is the cumulative output loss required to reduce inflation by one percentage point.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Gross National Disposable Income' equals GNP at market prices plus:

A. depreciation

B. net current transfers from abroad

C. indirect taxes

D. net factor income from abroad

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Correct Answer: Option B

Explanation:
Gross National Disposable Income = GNP at market prices + net current transfers from abroad.

This question belongs to: Economy GK Economy Set 1

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