The 'Production Linked Incentive' scheme aims to: MCQ with Answer and Explanation

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The 'Production Linked Incentive' scheme aims to:

A. increase imports

B. reduce production

C. boost domestic manufacturing by linking incentives to incremental output

D. promote imports

Answer: Option C

Solution (By JKSSB Mock Tests)

PLI schemes provide incentives to boost domestic manufacturing.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Consolidated Fund of India' is established under which article?

A. Article 266

B. Article 280

C. Article 312

D. Article 263

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Correct Answer: Option A

Explanation:
The Consolidated Fund of India is constituted under Article 266.

This question belongs to: Economy GK Economy Set 1

Question #2

The First Five Year Plan of India was based on the:

A. Mahalanobis model

B. Nehru model

C. Harrod-Domar model

D. Gandhian model

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Correct Answer: Option C

Explanation:
The First Five Year Plan was based on the Harrod-Domar model.

This question belongs to: Economy GK Economy Set 1

Question #3

If the reserve ratio is 10%, the simple deposit/money multiplier is:

A. 100

B. 10

C. 5

D. 20

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Correct Answer: Option B

Explanation:
Money multiplier = 1/reserve ratio = 1/0.10 = 10.

This question belongs to: Economy GK Economy Set 1

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