The 'Senior Citizens Savings Scheme' is available for individuals aged: MCQ with Answer and Explanation

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The 'Senior Citizens Savings Scheme' is available for individuals aged:

A. 60 years and above

B. 70 years and above

C. 50 years and above

D. 65 years and above

Answer: Option A

Solution (By JKSSB Mock Tests)

The Senior Citizens Savings Scheme is available for individuals aged 60 years and above.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of Indian economy, the term 'Demographic Dividend' can be realised if:

A. The dependent population increases rapidly

B. The old-age population dominates

C. The working-age population is productively employed and skilled

D. The fertility rate rises continuously

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Correct Answer: Option C

Explanation:
Realising the demographic dividend requires that the large working-age population is educated, skilled and productively employed in the economy.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Kisan Vikas Patra' is a:

A. bank account

B. small savings certificate scheme

C. crop insurance scheme

D. stock market instrument

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Correct Answer: Option B

Explanation:
Kisan Vikas Patra is a small savings certificate scheme.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a type of elasticity of demand?

A. Cross elasticity

B. Income elasticity

C. Supply elasticity of demand

D. Price elasticity

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Correct Answer: Option C

Explanation:
Elasticity of demand includes price elasticity, income elasticity and cross elasticity. Elasticity of supply is a separate concept relating to supply response.

This question belongs to: Economy GK Economy Set 1

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