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

Question
The 'Credit Guarantee Fund Trust for Micro and Small Enterprises' provides guarantee cover to banks for loans to MSMEs.
A. True
B. Only for foreign companies
C. False
D. Only for large enterprises
Answer: Option A
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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Practice More Economy Set 1 Questions

Question #1
The term 'Stagflation' refers to a situation of:
A. High inflation and high unemployment
B. Low inflation and low unemployment
C. Low inflation and high growth
D. High inflation and high growth
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Correct Answer: Option A

Explanation:
Stagflation is a combination of stagnant economic growth (or high unemployment) along with high inflation, which challenges conventional policy responses.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a measure of economic inequality?
A. Human Development Index as a pure inequality measure
B. Gini coefficient
C. Lorenz curve
D. Theil index
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Correct Answer: Option A

Explanation:
HDI is a composite measure of development (health, education, income). Gini coefficient, Lorenz curve and Theil index are specific measures of inequality.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' was launched in India on which date?
A. 15 August 2017
B. 1 January 2017
C. 1 July 2017
D. 1 April 2017
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Correct Answer: Option C

Explanation:
GST was launched on 1 July 2017.
This question belongs to: Economy GK Economy Set 1
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