The 'Pradhan Mantri Mudra Yojana' is implemented through which institutions? MCQ with Answer and Explanation

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The 'Pradhan Mantri Mudra Yojana' is implemented through which institutions?

A. Post offices only

B. Insurance companies

C. NABARD only

D. Banks, NBFCs, MFIs and other intermediaries

Answer: Option D

Solution (By JKSSB Mock Tests)

MUDRA loans are provided through banks, NBFCs, microfinance institutions and other intermediaries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Mental Accounting' in behavioural economics refers to:

A. Only the national accounts

B. Only the formal accounting systems of firms

C. The tendency of individuals to categorise and treat money differently depending on its source or intended use

D. The perfect fungibility of all money

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Correct Answer: Option C

Explanation:
Mental accounting describes the cognitive processes whereby individuals separate their wealth into non-fungible mental accounts, leading to behaviour that violates the principle of fungibility assumed in standard theory.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Special Officer for Linguistic Minorities' is appointed under which article?

A. Article 360

B. Article 365

C. Article 350B

D. Article 352

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Correct Answer: Option C

Explanation:
Special Officer for Linguistic Minorities is appointed under Article 350B.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of national income, which of the following is included in both GDP and GNP?

A. Net factor income from abroad

B. Depreciation only

C. Transfer payments

D. Value of final goods and services produced within the domestic territory

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Correct Answer: Option D

Explanation:
The value of final goods and services produced within the domestic territory is the common base for both GDP and GNP. GNP adjusts GDP by adding net factor income from abroad.

This question belongs to: Economy GK Economy Set 1

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