The 'Saubhagya' scheme is implemented by which ministry? MCQ with Answer and Explanation

The 'Saubhagya' scheme is implemented by which ministry?
A. Ministry of Petroleum
B. Ministry of Rural Development
C. Ministry of Power
D. Ministry of Housing
Answer: Option C
Solution (By JKSSB Mock Tests)
Saubhagya scheme is implemented by the Ministry of Power.

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Practice More Economy Set 1 Questions

Question #1
The 'intermediate consumption' in national accounting refers to:
A. capital goods
B. export goods
C. final goods bought by households
D. goods and services used up in production

Correct Answer: Option D


Explanation:
Intermediate consumption is the value of goods and services used as inputs in production.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of production theory, the isoquant represents:
A. Combinations of income and consumption
B. Combinations of goods that give the same utility
C. Combinations of prices that maximise profit
D. Combinations of inputs that yield the same level of output

Correct Answer: Option D


Explanation:
An isoquant is a curve that shows all possible combinations of two inputs that produce the same level of output, analogous to an indifference curve in consumer theory.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of exchange-rate regimes, a 'Currency Board' arrangement is characterised by:
A. Only a crawling peg
B. Complete monetary discretion without any reserve backing
C. A fixed exchange rate backed by a full foreign-exchange reserve cover of the monetary base and limited monetary discretion
D. A freely floating exchange rate

Correct Answer: Option C


Explanation:
A currency board maintains a fixed exchange rate to an anchor currency, backs the entire monetary base with foreign reserves, and severely restricts the scope for discretionary monetary policy.

This question belongs to: Economy GK Economy Set 1