Daily Static MCQs for UPSC & State PSC Exams - Economy (11 January 2024)

Daily Static MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams

Subject : Economy (11 January 2024)

1. With reference to Ayushman Bharat Pradhan Mantri Jan Arogya Yojna (AB-PMJAY) consider the following statements:

1. It is the world’s largest health assurance scheme fully financed by the government and the cost of implementation is shared between the Central and State Governments.
2. It provides a cover of Rs. 10 lakhs per family per year for secondary and tertiary care hospitalization across public and private empaneled hospitals in India.
3. It is only applicable to the economically weaker sections of the society.

How many of the above statements is/are correct?

(a) Only one
(b) Only two
(c) All three
(d) None

Answer: (B)

Explanation: Ayushman Bharat Pradhan Mantri Jan Arogya Yojna (AB-PMJAY) was launched in 2018 to achieve Universal Health Coverage. It is the world’s largest health assurance scheme fully financed by the government and the cost of implementation is shared between the Central and State Governments. Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) aims to provide quality and affordable healthcare to the poor and economically weaker families of the country. This yojna does not provide any restriction in family size, age or gender. It provides a cover of Rs. 5 lakhs per family per year for secondary and tertiary care hospitalization across public and private empaneled hospitals in India. Hence, only statement 2 is incorrect.


2. “The Global Liveability Index” is recently seen in news is related to:

(a) United Nations Environment Programme
(b) United Nations Development Programme
(c) World Economic Forum
(d) Economist Intelligence Unit

Answer: (D)

Explanation: Global Liveability is an annual index that ranks cities around the world based on their liveability. This index is published by The Economist Intelligence Unit (EIU). The Global Liveability Index is based on five factors:

  • Health Care: Quality and access to health care in the city.
  • Infrastructure: The state of transportation, energy, and other infrastructure in the city.
  • Environment: air quality, water supply, and other environmental factors in the city.
  • Education: Quality and access to education in the city.
  • Security: crime rates and political stability in the city.

In the Global Liveability Index 2023, Austria's capital Vienna is the most liveable city in the world among 173 cities.
In 2023, no city in India was in the top 100 cities. New Delhi was ranked at 141st, Mumbai at 144th, Chennai at 147th, Ahmedabad at 148th, and Bengaluru at 149th.


3. Which of the following is/are parameter/s of Human Development Index?

1. Life expectancy
2. Education
3. Sustainable development

Select the correct answer from below given codes:

(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3

Answer: (B)

Explanation: The Human Development Report (HDR) is a yearly report published by the United Nations Development Programme (UNDP). The first HDR was published in 1990 by Pakistani economist Mahbub ul Haq and Indian Nobel laureate Amartya Sen. The parameters of the Human Development Index are life expectancy, education (the whole year of schooling and the expected year of schooling when entering the education system) and per capita income.


4. United Nations “Sustainable Development Goal 4” is often seen in news is related to:

(a) Education
(b) Urbanization
(c) Health
(d) Poverty

Answer: (A)

Explanation: Education, apart from enhancing the employability of the working-age population, also has an equalising impact in breaking the cycles of poverty and social marginalisation. “Quality Education” which is enlisted as Goal 4 under UN SDGs (SDG4), aims to “Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all” by 2030.


5. With reference to Government e-Marketplace (GeM), consider the following statements:

1. It is an online marketplace setup by the government to provide commonly used goods and services at subsidized rates to the citizens.
2. It functions under Directorate General of Supplies and Disposals (DGS&D), Ministry of Commerce and Industry.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2


Answer: (B)

Explanation: Government e Marketplace is an online marketplace setup in 2016 for procurement of commonly used goods and services by government ministries, departments and CPSEs. Hence, statement 1 is incorrect.
GeM functions under Directorate General of Supplies and Disposals (DGS&D), Ministry of Commerce and Industry. Hence, statement 2 is correct.