Which of the following is the correct classification of loans under the Pradhan Mantri Mudra Yojana? MCQ with Answer and Explanation

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Which of the following is the correct classification of loans under the Pradhan Mantri Mudra Yojana?

A. Primary, Secondary, Tertiary

B. Start-up, Growth, Mature

C. Shishu, Kishor, Tarun

D. Small, Medium, Large

Answer: Option C

Solution (By JKSSB Mock Tests)

MUDRA loans are classified as Shishu, Kishor and Tarun.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on demerit goods is generally:

A. 12%

B. 18%

C. 5%

D. 28% plus cess

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Correct Answer: Option D

Explanation:
Demerit goods like tobacco and aerated drinks attract 28% plus cess.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'unemployment rate' in India measured by PLFS is the percentage of unemployed among:

A. working-age population

B. total population

C. labour force

D. employed persons

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Correct Answer: Option C

Explanation:
Unemployment rate is unemployed as a percentage of the labour force.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a determinant of the supply of a commodity?

A. Price of the commodity

B. Technology

C. Tastes and preferences of consumers

D. Cost of production

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Correct Answer: Option C

Explanation:
Tastes and preferences of consumers affect demand, not supply. Supply is determined by price, cost of production, technology, prices of related goods, and government policies.

This question belongs to: Economy GK Economy Set 1

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