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Global Trade Outlook and Statistics 2024 Quiz

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Global Trade Outlook and Statistics 2024 Quiz

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Questions and Answers

What is the ideal economic scenario referred to as?

A hot economy

A Goldilocks moment (correct)

A bearish economy

A cold economy

What is the maximum amount of loan that can be availed under PMMY?

₹20 lakh

₹10 lakh (correct)

₹5 lakh

₹50 lakh

What is the primary aim of the Pradhan Mantri MUDRA Yojana (PMMY)?

To promote corporate farming activities

To support large-scale industries

To facilitate easy collateral-free micro credit to small entrepreneurs (correct)

To provide collateral-based loans to small entrepreneurs

What does a 'hot' economy imply?

High inflation (B) Signup and view all the answers

What is the significance of India asserting its right to set domestic policies?

It is an exercise of sovereignty in economic decision-making (C) Signup and view all the answers

What is the role of Member Lending Institutions (MLIs) in PMMY?

To provide collateral-free micro credit to entrepreneurs (B) Signup and view all the answers

What is the impact of a 'cold' economy on GDP growth?

It leads to faltering GDP growth (C) Signup and view all the answers

What is the reference point for the term 'Goldilocks moment' in economics?

A story about a girl and a family of three bears (D) Signup and view all the answers

What is the significance of a Goldilocks moment in economics?

It is an economy that is running perfectly (D) Signup and view all the answers

What is the benefit of a Goldilocks moment for an economy?

It promotes sustainable economic growth (B) Signup and view all the answers