The 'Universal Account Number' is related to which social security scheme? MCQ with Answer and Explanation

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The 'Universal Account Number' is related to which social security scheme?

A. Insurance

B. EPF

C. Maternity benefit

D. Pension

Answer: Option B

Solution (By JKSSB Mock Tests)

UAN is the universal account number for EPF members.

This question belongs to: Economy GK Economy Set 1

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Question #1

The International Monetary Fund and the World Bank were established at:

A. the UN General Assembly

B. the Bretton Woods Conference

C. the Geneva Conference

D. the Doha Round

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Correct Answer: Option B

Explanation:
The IMF and World Bank were established at the Bretton Woods Conference in 1944.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Economic and Social Council' is one of the principal organs of:

A. World Bank

B. WTO

C. United Nations

D. IMF

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Correct Answer: Option C

Explanation:
The Economic and Social Council is a principal organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of inflation measurement, the GDP deflator is:

A. A fixed-basket consumer price index

B. The ratio of nominal GDP to real GDP

C. A measure of consumer price changes only

D. A measure of wholesale prices only

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Correct Answer: Option B

Explanation:
The GDP deflator is calculated as (Nominal GDP / Real GDP) × 100 and reflects price changes of all goods and services produced domestically.

This question belongs to: Economy GK Economy Set 1

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