The 'Saubhagya' scheme aims to provide: MCQ with Answer and Explanation

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The 'Saubhagya' scheme aims to provide:

A. electricity connections to all households

B. water connections

C. bank accounts

D. gas connections

Answer: Option A

Solution (By JKSSB Mock Tests)

Saubhagya aims to provide universal household electricity access.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a major objective of monetary policy in India?

A. Maximising inflation

B. Promoting only imports

C. Maintaining price stability while keeping in mind the objective of growth

D. Maximising the fiscal deficit

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Correct Answer: Option C

Explanation:
Under the Monetary Policy Framework Agreement, the primary objective of the RBI is to maintain price stability while keeping in mind the objective of growth.

This question belongs to: Economy GK Economy Set 1

Question #2

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Inflation-indexed bonds provide investors protection against:

A. inflation by linking principal or interest to a price index

B. exchange rate fluctuations

C. market risk

D. income tax

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Correct Answer: Option A

Explanation:
Inflation-indexed bonds link principal or interest payments to inflation, protecting investors from inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of the 'New Economic Geography' associated with Paul Krugman?

A. It ignores agglomeration forces

B. It focuses only on comparative advantage

C. It explains the spatial concentration of economic activity through increasing returns and transport costs

D. It assumes constant returns and no transport costs

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Correct Answer: Option C

Explanation:
New Economic Geography models show how increasing returns, transport costs and factor mobility can lead to the endogenous agglomeration of economic activity in particular locations.

This question belongs to: Economy GK Economy Set 1

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