The 'Stand-Up India' scheme provides loans to SC/ST and women entrepreneurs for: MCQ with Answer and Explanation

The 'Stand-Up India' scheme provides loans to SC/ST and women entrepreneurs for:
A. foreign travel
B. purchasing vehicles only
C. agriculture only
D. setting up greenfield enterprises
Answer: Option D
Solution (By JKSSB Mock Tests)
Stand-Up India provides loans to SC/ST and women entrepreneurs to set up greenfield enterprises.

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Practice More Economy Set 1 Questions

Question #1
In India, the repo rate is decided by:
A. RBI Governor
B. Monetary Policy Committee
C. Finance Minister
D. NITI Aayog

Correct Answer: Option B


Explanation:
The Monetary Policy Committee of the RBI decides the policy repo rate.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a component of the Index of Industrial Production (IIP) in India?
A. Manufacturing
B. Mining
C. Electricity
D. Agriculture

Correct Answer: Option D


Explanation:
The IIP covers mining, manufacturing and electricity sectors. Agriculture is measured separately through other indices and production estimates.

This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Network Externalities' implies that:
A. The value of a good or service increases with the number of other users
B. Externalities are always negative
C. The value of a good decreases with the number of users
D. Only production externalities matter

Correct Answer: Option A


Explanation:
Network externalities exist when the utility that a user derives from a good or service depends positively on the number of other users of the same or compatible goods.

This question belongs to: Economy GK Economy Set 1