The 'MUDRA' loan category 'Tarun' covers loans from: MCQ with Answer and Explanation

The 'MUDRA' loan category 'Tarun' covers loans from:
A. above Rs 10 lakh
B. Rs 5 lakh to Rs 10 lakh
C. Rs 1 lakh to Rs 5 lakh
D. up to Rs 50,000
Answer: Option B
Solution (By JKSSB Mock Tests)
MUDRA categories are Shishu up to Rs 50,000, Kishor Rs 50,000 to Rs 5 lakh, Tarun Rs 5 lakh to Rs 10 lakh.

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Practice More Economy Set 1 Questions

Question #1
The 'Blue Revolution' in India is associated with:
A. poultry farming
B. milk production
C. fisheries and aquaculture development
D. oilseeds production

Correct Answer: Option C


Explanation:
The Blue Revolution refers to the development of fisheries and aquaculture.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Periodic Labour Force Survey' provides estimates of:
A. foreign exchange reserves
B. GDP
C. employment and unemployment
D. inflation

Correct Answer: Option C


Explanation:
PLFS provides labour force, employment and unemployment estimates.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of monetary policy transmission, the 'Credit Channel' emphasises:
A. Only exchange-rate effects
B. The effects of monetary policy on the supply of bank loans and external finance premia
C. Only wealth effects on consumption
D. Only the interest-rate effects on investment

Correct Answer: Option B


Explanation:
The credit channel (or financial-accelerator mechanism) stresses that monetary policy affects real activity not only through interest rates but also through changes in the availability and cost of external finance for borrowers.

This question belongs to: Economy GK Economy Set 1