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

Question
The 'TReDS' platform is meant for:
A. commodity futures
B. financing of receivables of MSMEs
C. foreign exchange trading
D. trading government securities
Answer: Option B
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
The 'Forest Conservation Act' was enacted in which year?
A. 2002
B. 1980
C. 1986
D. 1972
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Correct Answer: Option B

Explanation:
The Forest Conservation Act was enacted in 1980.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Prime Minister's Economic Advisory Council' was reconstituted in which year?
A. 2019
B. 2017
C. 2014
D. 2020
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Correct Answer: Option B

Explanation:
The PMEAC was reconstituted in September 2017.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Wealth Inequality' literature associated with Piketty?
A. Only labour income inequality matters
B. When the rate of return on capital exceeds the growth rate of the economy, wealth inequality tends to rise
C. Capital accumulation always reduces inequality
D. Wealth inequality always declines with development
Discuss
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Correct Answer: Option B

Explanation:
Piketty’s central argument is that when the rate of return on capital (r) systematically exceeds the growth rate of the economy (g), the share of capital in national income and the concentration of wealth tend to increase.
This question belongs to: Economy GK Economy Set 1
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