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

Question

Share Report Error

The 'MUDRA' loans are extended to:

A. large industries

B. micro and small enterprises

C. multinational corporations

D. state governments

Answer: Option B

Solution (By JKSSB Mock Tests)

MUDRA provides loans to micro and small enterprises.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Goods and Services Tax' on yachts and aircraft is:

A. 18%

B. 5%

C. 12%

D. 28% plus cess

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Yachts and aircraft attract 28% GST plus cess.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Which of the following is a characteristic of 'Prospect Theory' developed by Kahneman and Tversky?

A. People always maximise expected utility with stable preferences

B. Only final wealth levels matter

C. People evaluate outcomes relative to a reference point and are loss-averse

D. Losses and gains are treated symmetrically

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Prospect theory posits that individuals evaluate outcomes as gains or losses relative to a reference point, overweight small probabilities, and exhibit loss aversion (losses loom larger than gains).

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

Who is the ex-officio Chairperson of NITI Aayog?

A. President

B. Finance Minister

C. Vice President

D. Prime Minister

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Prime Minister is the ex-officio Chairperson of NITI Aayog.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs