The 'MUDRA' loans are extended to: MCQ with Answer and Explanation

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The 'MUDRA' loans are extended to:

A. micro and small enterprises

B. state governments

C. multinational corporations

D. large industries

Answer: Option A

Solution (By JKSSB Mock Tests)

MUDRA provides loans to micro and small enterprises.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on admission to amusement parks is:

A. 18%

B. 12%

C. 5%

D. 28%

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Correct Answer: Option A

Explanation:
Amusement park admissions attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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External commercial borrowing refers to:

A. borrowing by the government from the RBI

B. borrowing from domestic banks

C. foreign direct investment

D. borrowing by Indian firms from foreign lenders

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Correct Answer: Option D

Explanation:
External commercial borrowing is commercial loans raised by Indian firms from foreign lenders.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of Indian economy, the term 'Twin Balance Sheet Problem' referred to:

A. Problems of government and household balance sheets

B. Stressed balance sheets of banks and corporates

C. Only external and internal debt

D. Only fiscal and current account deficits

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Correct Answer: Option B

Explanation:
The twin balance sheet problem referred to the simultaneous stress on the balance sheets of banks (rising NPAs) and over-leveraged corporates in India during a particular period.

This question belongs to: Economy GK Economy Set 1

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