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. interest payments

C. raw material purchases

D. capital investment for technology upgradation

Answer: Option D

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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Practice More Economy Set 1 Questions

Question #1

Which of the following is a characteristic of a developed economy?

A. High dependence on agriculture

B. High per capita income

C. High rate of population growth

D. Low level of capital formation

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Correct Answer: Option B

Explanation:
Developed economies are characterised by high per capita income, high level of industrialisation, low population growth and high capital formation.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of elasticity, if the price elasticity of demand is greater than one, demand is said to be:

A. Perfectly inelastic

B. Unitary elastic

C. Elastic

D. Inelastic

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Correct Answer: Option C

Explanation:
When |Ed| > 1, demand is elastic, meaning quantity demanded changes more than proportionately to a change in price.

This question belongs to: Economy GK Economy Set 1

Question #3

The circular economy concept emphasizes:

A. linear production and disposal

B. unlimited resource extraction

C. increasing waste generation

D. reuse, recycling and regeneration of resources

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Correct Answer: Option D

Explanation:
A circular economy emphasizes reuse, recycling and regeneration to minimize waste.

This question belongs to: Economy GK Economy Set 1

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