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. insuring their factories

B. providing land

C. discounting their receivables from corporate buyers

D. providing direct subsidies

Answer: Option C

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

The 'Goods and Services Tax' compensation cess is collected by:

A. local bodies

B. state governments

C. central government

D. GST council

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Correct Answer: Option C

Explanation:
Compensation cess is collected by the central government.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Food Security Act' provides legal entitlement to subsidized food grains to:

A. covered households under priority and Antyodaya categories

B. only urban poor

C. only farmers

D. all citizens

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Correct Answer: Option A

Explanation:
NFSA provides subsidized food grains to priority households and Antyodaya Anna Yojana households.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of international reserves, the 'Guidotti-Greenspan Rule' suggests that:

A. Reserves should equal only three months of imports

B. Countries should hold reserves at least equal to short-term external debt

C. Reserves should equal total external debt

D. Reserves are unnecessary under floating rates

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Correct Answer: Option B

Explanation:
The Guidotti-Greenspan rule is a rule of thumb recommending that emerging-market countries hold foreign-exchange reserves at least equal to their short-term external debt in order to reduce vulnerability to sudden stops.

This question belongs to: Economy GK Economy Set 1

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