The 'ZED certification' for MSMEs relates to: MCQ with Answer and Explanation

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The 'ZED certification' for MSMEs relates to:

A. zero defect and zero effect manufacturing

B. zero interest loans

C. zero energy devices

D. zero export duty

Answer: Option A

Solution (By JKSSB Mock Tests)

ZED certification relates to Zero Defect Zero Effect manufacturing in MSMEs.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Pass-Through' of exchange-rate changes refers to:

A. The extent to which changes in the nominal exchange rate are reflected in domestic prices of traded goods

B. The complete absence of price adjustment

C. Only the effect on interest rates

D. Only the effect on output

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Correct Answer: Option A

Explanation:
Exchange-rate pass-through measures the degree to which a change in the nominal exchange rate is transmitted to import prices and ultimately to consumer prices in the domestic economy.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Modern Portfolio Theory' developed by Markowitz?

A. Risk is independent of portfolio composition

B. Investors can reduce risk by diversifying across assets whose returns are not perfectly correlated

C. Only the return of individual assets matters

D. Diversification never reduces risk

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Correct Answer: Option B

Explanation:
Markowitz’s modern portfolio theory shows that the risk of a portfolio depends on the covariances among asset returns; diversification can therefore lower portfolio variance for a given expected return.

This question belongs to: Economy GK Economy Set 1

Question #3

A 'customs union' differs from a free trade area by having:

A. a common external tariff

B. a common currency

C. free movement of labour

D. separate external tariffs

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Correct Answer: Option A

Explanation:
A customs union has a common external tariff along with internal free trade.

This question belongs to: Economy GK Economy Set 1

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