The 'Production Linked Incentive' scheme was first introduced for which sector in 2020? MCQ with Answer and Explanation

Question

Share Report Error

The 'Production Linked Incentive' scheme was first introduced for which sector in 2020?

A. Food processing

B. Textiles

C. Mobile manufacturing and electronic components

D. Steel

Answer: Option C

Solution (By JKSSB Mock Tests)

PLI was first introduced for mobile manufacturing and electronic components in 2020.

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

The 'Goods and Services Tax' on petroleum and natural gas is:

A. 5%

B. not under GST

C. 18%

D. 0%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Petroleum products and natural gas are outside GST.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of public goods, the free-rider problem arises because public goods are:

A. Excludable

B. Private in nature

C. Non-excludable

D. Rivalrous

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Since pure public goods are non-excludable, individuals can enjoy the benefits without contributing to the cost, creating an incentive to free-ride.

This question belongs to: Economy GK Economy Set 1

Question #3

Say's law of markets states that:

A. supply creates its own demand

B. saving is always equal to investment

C. demand creates its own supply

D. government must manage demand

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Say's law states that supply creates its own demand.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs