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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Question #1

Which of the following is a feature of the 'J-Curve' effect?

A. After a depreciation, the trade balance first deteriorates before improving

B. Depreciation has no effect on the trade balance

C. After a depreciation, the trade balance improves immediately

D. Appreciation always improves the trade balance

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Correct Answer: Option A

Explanation:
The J-curve describes the short-run deterioration of the trade balance following a depreciation (because quantities adjust slowly while prices change immediately), followed by a longer-run improvement.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Index of Industrial Production' uses which base year currently?

A. 2011-12

B. 2019-20

C. 2004-05

D. 2015-16

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Correct Answer: Option A

Explanation:
IIP uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Central Bank Digital Currency' is a:

A. private digital token

B. mutual fund unit

C. cryptocurrency like Bitcoin

D. digital form of fiat currency issued by the central bank

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Correct Answer: Option D

Explanation:
CBDC is a digital form of central bank issued fiat currency.

This question belongs to: Economy GK Economy Set 1

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