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. agriculture

B. manufacturing and quality standards in MSMEs

C. health

D. defence

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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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on sale of under-construction residential affordable housing is:

A. 5% without ITC

B. 1% without ITC

C. 18%

D. 12%

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Correct Answer: Option B

Explanation:
Affordable housing under construction attracts 1% GST without ITC.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Banking Regulation Act' was passed in which year?

A. 1949

B. 1969

C. 1934

D. 1956

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Correct Answer: Option A

Explanation:
The Banking Regulation Act was passed in 1949.

This question belongs to: Economy GK Economy Set 1

Question #3

Pradhan Mantri Fasal Bima Yojana provides:

A. crop insurance against crop loss

B. minimum support price for crops

C. fertilizer subsidy only

D. free electricity to farmers

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Correct Answer: Option A

Explanation:
PMFBY provides comprehensive crop insurance against crop loss due to natural calamities, pests and diseases.

This question belongs to: Economy GK Economy Set 1

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