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. interest payments

B. wage payments

C. capital investment for technology upgradation

D. raw material purchases

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

The World Trade Organization came into existence in which year?

A. 1944

B. 2001

C. 1947

D. 1995

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Correct Answer: Option D

Explanation:
The WTO was established in 1995, replacing GATT.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Vote on Account' is used to:

A. impose new taxes

B. present the full budget for the year

C. reduce fiscal deficit

D. obtain Parliament's approval for expenditure for part of the financial year

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Correct Answer: Option D

Explanation:
Vote on Account authorizes government expenditure for a limited period, usually before elections.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'FDI' in multi-brand retail is allowed up to what percentage?

A. 51%

B. 49%

C. 100%

D. 74%

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Correct Answer: Option A

Explanation:
FDI in multi-brand retail is allowed up to 51% under government approval.

This question belongs to: Economy GK Economy Set 1

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