The 'PM Formalization of Micro Food Processing Enterprises' scheme is associated with which sector? MCQ with Answer and Explanation

The 'PM Formalization of Micro Food Processing Enterprises' scheme is associated with which sector?
A. IT services
B. Food processing
C. Steel
D. Textiles
Answer: Option B
Solution (By JKSSB Mock Tests)
PM FME scheme supports micro food processing enterprises.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is NOT a measure to control inflation?
A. Increase in CRR
B. Increase in government expenditure
C. Open market sale of securities
D. Increase in bank rate

Correct Answer: Option B


Explanation:
Increase in government expenditure would increase aggregate demand and potentially worsen inflation. The other measures reduce money supply or credit and help control inflation.

This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Green Revolution' in India is associated with:
A. Increase in service sector growth
B. Increase in foreign investment
C. Increase in agricultural production
D. Increase in industrial production

Correct Answer: Option C


Explanation:
The Green Revolution refers to the significant increase in agricultural production in India, particularly of wheat and rice, through high-yielding varieties, fertilizers and irrigation, starting in the mid-1960s.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'GST Council' has a secretariat located in:
A. New Delhi
B. Bengaluru
C. Gandhinagar
D. Mumbai

Correct Answer: Option A


Explanation:
GST Council secretariat is in New Delhi.

This question belongs to: Economy GK Economy Set 1