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

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The 'MUDRA' loan category 'Tarun' covers loans from:

A. above Rs 10 lakh

B. up to Rs 50,000

C. Rs 5 lakh to Rs 10 lakh

D. Rs 1 lakh to Rs 5 lakh

Answer: Option C

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.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of 'Nudge' theory in behavioural public policy?

A. Only financial incentives

B. The use of choice architecture to steer people toward better decisions without restricting their freedom of choice

C. The use of mandates and bans only

D. The complete rejection of any behavioural interventions

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Correct Answer: Option B

Explanation:
A nudge is any aspect of choice architecture that alters people’s behaviour in a predictable way without forbidding any options or significantly changing economic incentives, as popularised by Thaler and Sunstein.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of fiscal policy, 'Automatic Stabilisers' operate through:

A. Only discretionary changes in spending

B. Built-in features of the tax and transfer system that dampen fluctuations without discretionary action

C. Only exchange-rate adjustments

D. Only changes in the monetary base

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Correct Answer: Option B

Explanation:
Automatic stabilisers are elements of the fiscal system—progressive taxes and unemployment benefits—that automatically reduce the amplitude of business-cycle fluctuations without the need for new legislation.

This question belongs to: Economy GK Economy Set 1

Question #3

In the circular flow of income, leakages include:

A. investment and exports

B. income and output

C. saving, taxes and imports

D. consumption and government spending

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Correct Answer: Option C

Explanation:
Leakages from the circular flow are saving, taxes and imports.

This question belongs to: Economy GK Economy Set 1

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