The 'Rupay Kisan Card' is a: MCQ with Answer and Explanation

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The 'Rupay Kisan Card' is a:

A. gift card

B. credit card

C. forex card

D. debit card for farmers

Answer: Option D

Solution (By JKSSB Mock Tests)

Rupay Kisan Card is a debit card for farmers.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020' was later:

A. extended to 2030

B. implemented fully

C. amended only

D. repealed in 2021

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Correct Answer: Option D

Explanation:
The three farm laws of 2020 were repealed in 2021.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Okun's law' describes a relationship between:

A. inflation and unemployment

B. output growth and changes in unemployment

C. tax rates and revenue

D. interest rates and investment

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Correct Answer: Option B

Explanation:
Okun's law relates changes in unemployment to output growth.

This question belongs to: Economy GK Economy Set 1

Question #3

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NSDL and CDSL are depositories for:

A. bank deposits

B. foreign exchange reserves

C. government cash balances

D. dematerialized securities

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Correct Answer: Option D

Explanation:
NSDL and CDSL are the two depositories that hold securities in dematerialized form.

This question belongs to: Economy GK Economy Set 1

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