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?

    <p>High inflation</p> Signup and view all the answers

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

    <p>It is an exercise of sovereignty in economic decision-making</p> Signup and view all the answers

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

    <p>To provide collateral-free micro credit to entrepreneurs</p> Signup and view all the answers

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

    <p>It leads to faltering GDP growth</p> Signup and view all the answers

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

    <p>A story about a girl and a family of three bears</p> Signup and view all the answers

    What is the significance of a Goldilocks moment in economics?

    <p>It is an economy that is running perfectly</p> Signup and view all the answers

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

    <p>It promotes sustainable economic growth</p> Signup and view all the answers

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