The 'Credit Guarantee Fund Trust for Micro and Small Enterprises' provides guarantee cover to banks for loans to MSMEs. MCQ with Answer and Explanation

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The 'Credit Guarantee Fund Trust for Micro and Small Enterprises' provides guarantee cover to banks for loans to MSMEs.

A. Only for large enterprises

B. Only for foreign companies

C. False

D. True

Answer: Option D

Solution (By JKSSB Mock Tests)

CGTMSE provides credit guarantee to banks for loans to micro and small enterprises.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Family Health Survey' is conducted under the stewardship of:

A. Ministry of Finance

B. Ministry of Health and Family Welfare

C. RBI

D. NITI Aayog

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Correct Answer: Option B

Explanation:
NFHS is conducted under the Ministry of Health and Family Welfare.

This question belongs to: Economy GK Economy Set 1

Question #2

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In India, the repo rate is decided by:

A. Finance Minister

B. NITI Aayog

C. Monetary Policy Committee

D. RBI Governor

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Correct Answer: Option C

Explanation:
The Monetary Policy Committee of the RBI decides the policy repo rate.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'net factor income from abroad' is negative when factor incomes paid abroad are:

A. greater than factor incomes received from abroad

B. less than factor incomes received from abroad

C. zero

D. equal to factor incomes received

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Correct Answer: Option A

Explanation:
Net factor income from abroad is negative when payments abroad exceed receipts from abroad.

This question belongs to: Economy GK Economy Set 1

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