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

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The 'TReDS' platform is meant for:

A. financing of receivables of MSMEs

B. trading government securities

C. foreign exchange trading

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

Demand-pull inflation is caused by:

A. decrease in government expenditure

B. a fall in money supply

C. an increase in production costs

D. aggregate demand exceeding aggregate supply at full employment

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Correct Answer: Option D

Explanation:
Demand-pull inflation occurs when aggregate demand exceeds aggregate supply.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' is an indirect tax because:

A. it is paid by the government

B. it is paid by the seller only

C. the burden can be shifted to the final consumer

D. it is paid only by companies

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Correct Answer: Option C

Explanation:
GST is an indirect tax as the burden is ultimately borne by the final consumer.

This question belongs to: Economy GK Economy Set 1

Question #3

Currency depreciation generally makes imports:

A. unchanged

B. subsidized

C. more expensive in domestic currency

D. cheaper

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Correct Answer: Option C

Explanation:
Depreciation makes foreign goods more expensive in domestic currency, reducing import demand.

This question belongs to: Economy GK Economy Set 1

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