The 'Startup India Seed Fund Scheme' provides: MCQ with Answer and Explanation

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The 'Startup India Seed Fund Scheme' provides:

A. seed funding to startups

B. pension to workers

C. subsidies to farmers

D. loans to large companies

Answer: Option A

Solution (By JKSSB Mock Tests)

Startup India Seed Fund Scheme provides seed funding to startups.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Smart Cities Mission' was launched in which year?

A. 2017

B. 2014

C. 2016

D. 2015

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Correct Answer: Option D

Explanation:
The Smart Cities Mission was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

The Marginal Standing Facility rate is generally set how much above the repo rate?

A. 1.00 percentage point

B. 0.50 percentage points

C. 0.25 percentage points

D. 2.00 percentage points

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Correct Answer: Option C

Explanation:
The MSF rate is usually 0.25 percentage points above the repo rate.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'New Trade Theory' associated with Paul Krugman?

A. Economies of scale and product differentiation can explain trade even between similar countries

B. Trade always reduces welfare

C. Only comparative advantage based on technology differences matters

D. Trade is explained only by differences in factor endowments

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Correct Answer: Option A

Explanation:
New Trade Theory emphasises that increasing returns to scale and consumers’ preference for variety can generate trade and gains from trade even between countries with similar factor endowments.

This question belongs to: Economy GK Economy Set 1

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