In the context of PFMS, what does 'Aadhaar Payment Bridge System' (APBS) facilitate? MCQ with Answer and Explanation

Question

Share Report Error

In the context of PFMS, what does 'Aadhaar Payment Bridge System' (APBS) facilitate?

A. Stock market trading

B. Tax collection

C. Direct Benefit Transfer using Aadhaar

D. Bank auditing

Answer: Option C

Solution (By JKSSB Mock Tests)

APBS facilitates Direct Benefit Transfers (DBT) by using the Aadhaar number as the central key for routing government subsidies to beneficiaries.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1

Share Report

Expenditure incurred on overhauling a second-hand machinery purchased recently to put it in working condition is:

A. Loss

B. Deferred Revenue Expenditure

C. Capital Expenditure

D. Revenue Expenditure

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
All costs incurred before a fixed asset is ready for its intended use are capitalized.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

Share Report

A firm has an average profit of ₹50,000, normal rate of return 10%, capital employed ₹4,00,000. Goodwill by capitalization of super profit method (if capitalized at 10%) will be:

A. ₹1,00,000

B. ₹2,00,000

C. ₹10,000

D. ₹50,000

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Normal profit = 10% of 4,00,000 = 40,000. Super profit = 50,000 - 40,000 = 10,000. Goodwill by capitalization of super profit = 10,000 / 10% = ₹1,00,000.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping