The 'Zero Defect Zero Effect' scheme is associated with: MCQ with Answer and Explanation

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The 'Zero Defect Zero Effect' scheme is associated with:

A. health

B. manufacturing and quality standards in MSMEs

C. defence

D. agriculture

Answer: Option B

Solution (By JKSSB Mock Tests)

Zero Defect Zero Effect promotes quality and environmental standards in MSMEs.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'financial trilemma' states that a country cannot simultaneously have:

A. free capital mobility, fixed exchange rates and independent monetary policy

B. low taxes, high spending and low deficit

C. free trade, high tariffs and high exports

D. high growth, low inflation and low unemployment

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Correct Answer: Option A

Explanation:
The trilemma says a country can achieve only two of three: free capital mobility, fixed exchange rate and independent monetary policy.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'New Development Bank' headquarters is in:

A. New Delhi

B. Beijing

C. Shanghai

D. Moscow

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Correct Answer: Option C

Explanation:
NDB headquarters is in Shanghai.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Consolidated Fund of India' includes:

A. only borrowing

B. only foreign aid

C. only tax revenues

D. all government revenues, borrowings and loans received

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Correct Answer: Option D

Explanation:
The Consolidated Fund of India includes all government revenues, borrowings and receipts.

This question belongs to: Economy GK Economy Set 1

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