The Soil Health Card scheme provides farmers information on: MCQ with Answer and Explanation

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The Soil Health Card scheme provides farmers information on:

A. weather forecast

B. soil nutrient status and recommended fertilizer use

C. land ownership records

D. market prices

Answer: Option B

Solution (By JKSSB Mock Tests)

Soil Health Cards provide information on soil nutrient status and fertilizer recommendations.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a characteristic of a dualistic economy?

A. Only agricultural activities

B. Absence of informal sector

C. Uniform technology across sectors

D. Coexistence of modern and traditional sectors

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Correct Answer: Option D

Explanation:
Dualism refers to the coexistence of a modern, capital-intensive sector alongside a traditional, labour-intensive sector within the same economy.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Comptroller and Auditor General' of India submits audit reports to:

A. President

B. Finance Minister

C. Prime Minister

D. RBI Governor

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Correct Answer: Option A

Explanation:
CAG submits audit reports to the President or Governor.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Seigniorage' refers to:

A. Revenue from income tax

B. Deficit financing through external loans

C. Profit earned by the government from printing currency

D. Interest paid on government bonds

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Correct Answer: Option C

Explanation:
Seigniorage is the difference between the face value of money and the cost of producing it; it represents the real resource gain to the government from issuing currency.

This question belongs to: Economy GK Economy Set 1

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