The 'Stand-Up India' scheme provides loans from Rs 10 lakh to: MCQ with Answer and Explanation

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The 'Stand-Up India' scheme provides loans from Rs 10 lakh to:

A. Rs 1 crore

B. Rs 10 crore

C. Rs 50 lakh

D. Rs 5 crore

Answer: Option A

Solution (By JKSSB Mock Tests)

Stand-Up India provides loans from Rs 10 lakh to Rs 1 crore.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'dumping margin' is the difference between:

A. export price and home market price

B. tariff and subsidy

C. import price and domestic price

D. export price and cost of production

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Correct Answer: Option A

Explanation:
Dumping margin is the difference between the normal value (home market price) and export price.

This question belongs to: Economy GK Economy Set 1

Question #2

Hyperinflation is characterized by:

A. falling prices

B. stable prices

C. slow price rise

D. extremely rapid and out-of-control rise in prices

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Correct Answer: Option D

Explanation:
Hyperinflation is extremely rapid and uncontrollable price inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'net factor income from abroad' is negative when factor incomes paid abroad are:

A. greater than factor incomes received from abroad

B. less than factor incomes received from abroad

C. zero

D. equal to factor incomes received

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Correct Answer: Option A

Explanation:
Net factor income from abroad is negative when payments abroad exceed receipts from abroad.

This question belongs to: Economy GK Economy Set 1

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