Microfinance institutions primarily provide: MCQ with Answer and Explanation

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Microfinance institutions primarily provide:

A. infrastructure finance

B. small collateral-free loans to low-income households

C. export finance

D. large corporate loans

Answer: Option B

Solution (By JKSSB Mock Tests)

Microfinance institutions provide small collateral-free loans to low-income clients.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of production, the stage of diminishing returns begins when:

A. Average product is zero

B. Marginal product is negative

C. Total product is maximum

D. Marginal product starts declining

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Correct Answer: Option D

Explanation:
The stage of diminishing returns starts when the marginal product of the variable factor begins to decline, although it may still be positive.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Horizontal Equity' in taxation requires that:

A. Individuals with the same ability to pay should pay the same tax

B. Taxes should be independent of ability to pay

C. Individuals with higher ability to pay should pay proportionally more

D. Only vertical equity matters

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Correct Answer: Option A

Explanation:
Horizontal equity is the principle that taxpayers with equal capacity to pay (usually measured by income or wealth) should bear equal tax burdens.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Gift City' in Gujarat is an International Financial Services Centre that offers:

A. tax incentives and international financial services

B. only stock trading

C. only domestic banking

D. only commodity trading

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Correct Answer: Option A

Explanation:
GIFT City offers international financial services with tax and regulatory incentives.

This question belongs to: Economy GK Economy Set 1

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