Question
Consider the following statements: I. The Union
Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase VII) for a further period of 3 months i.e. September to November 2022. II. Financial implication for the Government of India has been about Rs. 3.45 Lakh Crore upto Phase-VI of PMGKY. III. PM Garib Kalyan Anna Yojana (PM-GKAY), started during the difficult time of COVID-19 crisis, has provided food security to the poor, needy and the vulnerable households/beneficiaries so that they do not suffer on account of non-availability of adequate foodgrains. Which Statement/statements is/are correct?Solution
The Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase VII) for a further period of 3 months i.e. October to December 2022. Under this welfare scheme, 5 kg of food grain per person per month is provided free of cost for all the beneficiaries covered under the National Food Security Act (NFSA) [Antodaya Anna Yojana & Priority Households] including those covered under Direct Benefit Transfer (DBT). Financial implication for the Government of India has been about Rs. 3.45 Lakh Crore upto Phase-VI of PMGKAY. With the additional expenditure of about Rs. 44,762 Crore for Phase-VII of this scheme, the overall expenditure of PMGKAY will be about Rs. 3.91 lakh crore for all the phases. The total outgo in terms of food grains for PMGKAY Phase VII is likely to be about 122 LMT. The aggregate allocation of food grain for phases I- VII is about 1121 LMT. PMGKY has been in operation for 25 months as under: Phase I and II ( 8 months) : April’20 to Nov.’20 Phase-III to V (11 months) : May’21 to March’22 Phase-VI ( 6 months) : April’22 to Sept.’22 PM Garib Kalyan Anna Yojana (PM-GKAY), started during the difficult time of COVID-19 crisis, has provided food security to the poor, needy and the vulnerable households/beneficiaries so that they do not suffer on account of non-availability of adequate foodgrains.
On a graph for a monopolist or monopolistic competitor, which of the following curves coincide?
The equation for a supply curve is P = 3Q – 8. What is the elasticity in moving from a price of 4 to a price of 7?
Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) under RBI’s ___...
In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices?Â
Consider the following:
Assertion (A): According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step-by-step manner.
Which of the following is not an example of market failure?
What does the Purchasing Managers' Index (PMI) measure?
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
In the Classical model, what is the shape of the Aggregate Supply (AS) curve in the long run, and why?
An investor who expects a stock price to fall significantly might use which strategy?