The 'Udyam Registration' portal is used for registration of: MCQ with Answer and Explanation

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The 'Udyam Registration' portal is used for registration of:

A. stock brokers

B. large companies

C. MSMEs

D. banks

Answer: Option C

Solution (By JKSSB Mock Tests)

Udyam Registration is the online registration portal for MSMEs.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of development economics, the 'Kuznets Curve' suggests that:

A. Inequality is unrelated to the level of development

B. Inequality falls continuously with development

C. Inequality first rises and then falls with economic development

D. Inequality rises continuously with development

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Correct Answer: Option C

Explanation:
The Kuznets hypothesis proposes an inverted-U relationship between income inequality and per capita income: inequality rises in the early stages of development and declines later.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'aggregate supply curve' in the short run is typically:

A. vertical

B. upward sloping

C. horizontal

D. downward sloping

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Correct Answer: Option B

Explanation:
The short-run aggregate supply curve is upward sloping due to sticky wages and prices.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Seigniorage' is most closely related to:

A. Tax revenue from income tax

B. Revenue from disinvestment

C. Interest payments on public debt

D. The real resources obtained by the government through the issue of base money

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Correct Answer: Option D

Explanation:
Seigniorage is the purchasing power that the government obtains by issuing base money; it equals the real value of the increase in base money.

This question belongs to: Economy GK Economy Set 1

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