The 'UDAY' scheme for power distribution companies was launched in: MCQ with Answer and Explanation

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The 'UDAY' scheme for power distribution companies was launched in:

A. 2014

B. 2017

C. 2016

D. 2015

Answer: Option D

Solution (By JKSSB Mock Tests)

UDAY was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Credit Linked Capital Subsidy Scheme' for MSMEs provides subsidy on:

A. raw material purchases

B. interest payments

C. capital investment for technology upgradation

D. wage payments

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Correct Answer: Option C

Explanation:
CLCSS provides capital subsidy for technology upgradation by MSMEs.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'GST' regime has not subsumed which central tax?

A. Service tax

B. Additional excise duty

C. Special additional customs duty

D. Basic customs duty

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Correct Answer: Option D

Explanation:
Basic customs duty remains outside GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of public finance, 'Revenue Deficit' indicates:

A. Excess of revenue expenditure over revenue receipts

B. Excess of capital expenditure over capital receipts

C. Total borrowing requirement of the government

D. Fiscal deficit minus interest payments

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Correct Answer: Option A

Explanation:
Revenue deficit = Revenue expenditure − Revenue receipts. It shows the shortfall in revenue receipts to meet revenue expenditure.

This question belongs to: Economy GK Economy Set 1

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