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. MSMEs

B. large companies

C. banks

D. stock brokers

Answer: Option A

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

The 'Goods and Services Tax' on sugar confectionery is:

A. 18%

B. 28%

C. 12%

D. 5%

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Correct Answer: Option A

Explanation:
Sugar confectionery attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'shadow economy' refers to:

A. banking sector

B. formal sector activities

C. unreported economic activities outside the formal sector

D. stock market

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Correct Answer: Option C

Explanation:
The shadow economy consists of unreported economic activities.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a measure of absolute poverty commonly used in India?

A. Poverty line based on calorie norms and consumption expenditure

B. Lorenz curve

C. Gini coefficient

D. Relative income share of the bottom 10%

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Correct Answer: Option A

Explanation:
India has traditionally used a poverty line based on minimum calorie requirements and corresponding consumption expenditure to measure absolute poverty.

This question belongs to: Economy GK Economy Set 1

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