The 'Credit Linked Capital Subsidy Scheme' for MSMEs provides subsidy on: MCQ with Answer and Explanation

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The 'Credit Linked Capital Subsidy Scheme' for MSMEs provides subsidy on:

A. wage payments

B. raw material purchases

C. capital investment for technology upgradation

D. interest payments

Answer: Option C

Solution (By JKSSB Mock Tests)

CLCSS provides capital subsidy for technology upgradation by MSMEs.

This question belongs to: Economy GK Economy Set 1

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Question #1

Startup India initiative primarily aims to:

A. nationalize private companies

B. regulate stock markets

C. increase import duties

D. promote entrepreneurship and innovation

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Correct Answer: Option D

Explanation:
Startup India aims to promote entrepreneurship, innovation and startup growth.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Real Exchange Rate'?

A. It is determined only by interest rates

B. It is independent of price levels

C. It is the nominal exchange rate adjusted for relative price levels between countries

D. It is simply the nominal exchange rate

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Correct Answer: Option C

Explanation:
The real exchange rate is defined as the nominal exchange rate multiplied by the ratio of foreign to domestic price levels (or the relative price of foreign to domestic goods).

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Indian banking system?

A. Absence of priority sector lending norms

B. Dual regulation of cooperative banks by RBI and state governments

C. Complete absence of NBFCs

D. No role for foreign banks

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Correct Answer: Option B

Explanation:
Urban and rural cooperative banks in India are subject to dual regulation by the Reserve Bank of India and the respective state governments.

This question belongs to: Economy GK Economy Set 1

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