The 'Skill India Mission' was launched in which year? MCQ with Answer and Explanation

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The 'Skill India Mission' was launched in which year?

A. 2015

B. 2017

C. 2016

D. 2014

Answer: Option A

Solution (By JKSSB Mock Tests)

Skill India Mission was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Agricultural Produce Market Committee' is a:

A. statutory body under state APMC Act

B. private market

C. cooperative society

D. central government body

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Correct Answer: Option A

Explanation:
APMCs are statutory market committees established under state APMC Acts.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of elasticity of demand, which of the following goods is likely to have inelastic demand?

A. Jewellery

B. Luxury cars

C. Salt

D. Air conditioners

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Correct Answer: Option C

Explanation:
Necessities like salt have inelastic demand because quantity demanded does not change significantly with price changes. Luxuries tend to have elastic demand.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Vote on Account' is generally taken for a period of:

A. one year

B. two months or up to six months

C. three years

D. five years

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Correct Answer: Option B

Explanation:
Vote on Account authorizes expenditure for part of the year, generally two months.

This question belongs to: Economy GK Economy Set 1

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