The 'MUDRA' Yojana was launched in which year? MCQ with Answer and Explanation

The 'MUDRA' Yojana was launched in which year?
A. 2013
B. 2017
C. 2016
D. 2015
Answer: Option D
Solution (By JKSSB Mock Tests)
Pradhan Mantri Mudra Yojana was launched in 2015.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is NOT a type of foreign investment?
A. Foreign Portfolio Investment
B. Foreign Direct Investment
C. Domestic bank deposits by residents
D. External Commercial Borrowings

Correct Answer: Option C


Explanation:
Domestic bank deposits by residents are not foreign investment. FDI, FPI and ECBs represent different forms of foreign capital inflows.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Index of Eight Core Industries' comprises which proportion of the weight in the Index of Industrial Production?
A. 20%
B. 60%
C. 80%
D. 40%

Correct Answer: Option D


Explanation:
The eight core industries have a combined weight of about 40.27% in the Index of Industrial Production.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Uncovered Interest Parity' puzzle or forward-premium puzzle?
A. Forward rates are perfect predictors of future spot rates
B. Interest differentials are always zero
C. High-interest currencies tend to appreciate rather than depreciate as uncovered interest parity would predict
D. High-interest currencies always depreciate as predicted

Correct Answer: Option C


Explanation:
Empirical evidence often shows that currencies with high interest rates tend to appreciate, contrary to the prediction of uncovered interest parity that they should depreciate; this is known as the forward-premium puzzle.

This question belongs to: Economy GK Economy Set 1