Microfinance institutions primarily provide: MCQ with Answer and Explanation

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Microfinance institutions primarily provide:

A. export finance

B. large corporate loans

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

D. infrastructure finance

Answer: Option C

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

The 'Goods and Services Tax' on railway freight is:

A. 5%

B. 0%

C. 12%

D. 18%

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Correct Answer: Option A

Explanation:
Rail freight attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Fiscal deficit' is financed by:

A. market borrowings and other liabilities

B. only taxes

C. only disinvestment

D. only foreign aid

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Correct Answer: Option A

Explanation:
Fiscal deficit is financed through market borrowings and other liabilities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate on education services is:

A. 5%

B. 0%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Education services provided by educational institutions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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