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 10 crore

B. Rs 1 crore

C. Rs 50 lakh

D. Rs 5 crore

Answer: Option B

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 'Goods and Services Tax' zero rating on exports means:

A. exports are taxed at 5%

B. exports are exempt with no input tax credit

C. exports are taxed at zero rate and input tax credit is allowed

D. exports are banned

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Correct Answer: Option C

Explanation:
Zero-rated supplies are taxed at 0% and allow input tax credit refunds.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'SIDBI' is a wholly owned subsidiary of:

A. RBI

B. EXIM Bank

C. NABARD

D. National Housing Bank

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Correct Answer: Option A

Explanation:
SIDBI is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is not a determinant of money demand in Keynesian theory?

A. Transactions motive

B. Precautionary motive

C. Speculative motive

D. Depreciation motive

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Correct Answer: Option D

Explanation:
Keynes identified transactions, precautionary and speculative motives for holding money, not depreciation motive.

This question belongs to: Economy GK Economy Set 1

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