The 'TReDS' platform is meant for: MCQ with Answer and Explanation

Question
The 'TReDS' platform is meant for:
A. financing of receivables of MSMEs
B. foreign exchange trading
C. trading government securities
D. commodity futures
Answer: Option A
Solution (By JKSSB Mock Tests)
TReDS is an electronic platform for financing trade receivables of MSMEs from corporate buyers.
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 the primary objective of monetary policy in India?
A. Reducing fiscal deficit
B. Price stability while keeping in mind growth
C. Maximising tax revenue
D. Increasing government expenditure
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Correct Answer: Option B

Explanation:
As per the Monetary Policy Framework Agreement, the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.
This question belongs to: Economy GK Economy Set 1
Question #2
The Mahatma Gandhi National Rural Employment Guarantee Act guarantees how many days of wage employment in a financial year?
A. 120 days
B. 90 days
C. 150 days
D. 100 days
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Correct Answer: Option D

Explanation:
MGNREGA guarantees 100 days of wage employment in a financial year to rural households.
This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Average Propensity to Consume' is defined as:
A. Change in consumption divided by change in income
B. Total consumption divided by total income
C. Total saving divided by total income
D. Change in saving divided by change in income
Discuss
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Correct Answer: Option B

Explanation:
Average Propensity to Consume (APC) = Total Consumption / Total Income. Marginal Propensity to Consume is the change in consumption divided by the change in income.
This question belongs to: Economy GK Economy Set 1
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