The 'Trade Receivables Discounting System' platform helps MSMEs by: MCQ with Answer and Explanation

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The 'Trade Receivables Discounting System' platform helps MSMEs by:

A. providing land

B. providing direct subsidies

C. insuring their factories

D. discounting their receivables from corporate buyers

Answer: Option D

Solution (By JKSSB Mock Tests)

TReDS helps MSMEs obtain working capital by discounting their receivables.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is included in the current account of the Balance of Payments?

A. Trade in goods and services

B. Foreign direct investment

C. NRI deposits

D. External commercial borrowing

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Correct Answer: Option A

Explanation:
The current account includes trade in goods and services, income and current transfers.

This question belongs to: Economy GK Economy Set 1

Question #2

The target of installed renewable energy capacity set by India for 2030 is:

A. 450 GW

B. 100 GW

C. 500 GW

D. 175 GW

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Correct Answer: Option C

Explanation:
India has set a target of 500 GW of non-fossil fuel capacity by 2030.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'countervailing duty' is imposed to countervail:

A. high tariffs

B. dumping

C. currency depreciation

D. foreign export subsidies

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Correct Answer: Option D

Explanation:
Countervailing duties offset foreign subsidies on exports.

This question belongs to: Economy GK Economy Set 1

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