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. urban housing

C. industrial growth

D. agricultural development and infrastructure

Answer: Option D

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 'National Income' estimates in India are published with a base year of:

A. 2011-12

B. 2004-05

C. 2016-17

D. 2020-21

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Correct Answer: Option A

Explanation:
The national accounts series uses 2011-12 as the base year.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Subjective Well-Being' in economics refers to:

A. Only physical health indicators

B. Only environmental quality

C. Only objective measures of income

D. Individuals’ own evaluations of their lives, typically measured by surveys of happiness or life satisfaction

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Correct Answer: Option D

Explanation:
Subjective well-being encompasses self-reported measures of happiness, life satisfaction and emotional states, which have become an important complement to traditional objective indicators of welfare.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a component of the Human Development Index?

A. Only environmental sustainability

B. Life expectancy, education and per capita income

C. Gender equality only

D. Only income inequality

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Correct Answer: Option B

Explanation:
HDI is a composite index based on three dimensions: a long and healthy life (life expectancy), knowledge (education) and a decent standard of living (GNI per capita).

This question belongs to: Economy GK Economy Set 1

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