The 'Atal Incubation Centre' scheme supports: MCQ with Answer and Explanation

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The 'Atal Incubation Centre' scheme supports:

A. foreign companies

B. government departments

C. startups and entrepreneurs

D. large industries

Answer: Option C

Solution (By JKSSB Mock Tests)

Atal Incubation Centres support startups and entrepreneurs.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The law of demand states that, other things being equal, as price of a good rises:

A. quantity demanded rises

B. demand rises

C. quantity demanded falls

D. demand falls

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Correct Answer: Option C

Explanation:
The law of demand states an inverse relationship between price and quantity demanded.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Cooperative Development Corporation' promotes:

A. cooperative societies across sectors

B. stock trading

C. imports

D. only banking

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Correct Answer: Option A

Explanation:
NCDC promotes cooperative societies in various sectors.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Contingency Fund of India' is established under which article?

A. Article 280

B. Article 267

C. Article 263

D. Article 312

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Correct Answer: Option B

Explanation:
The Contingency Fund of India is established under Article 267.

This question belongs to: Economy GK Economy Set 1

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