PFMS integrates with which system for Direct Benefit Transfer? MCQ with Answer and Explanation

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PFMS integrates with which system for Direct Benefit Transfer?

A. Aadhaar Payment Bridge

B. Only UPI

C. Both A and B

D. Core Banking System

Answer: Option C

Solution (By JKSSB Mock Tests)

PFMS uses the banking network and Aadhaar-based payments for DBT.

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

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Which voucher is used for recording cash sales?

A. Cash voucher

B. Debit voucher

C. Credit voucher

D. Journal voucher

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Correct Answer: Option A

Explanation:
Cash sales involve receipt of cash, so a cash voucher (receipt voucher) is prepared.

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

Question #2

The 'Goods and Services Tax' on exports is:

A. Exempt

B. Zero-rated

C. Taxable

D. Nil-rated

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Correct Answer: Option B

Explanation:
Exports are zero-rated, meaning 0% GST with refund of input tax credits.

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

Question #3

Which metric evaluates the financial value of the social and environmental outcomes created by an organization?

A. Social Return on Investment (SROI)

B. Internal Rate of Return (IRR)

C. Earnings Per Share (EPS)

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Correct Answer: Option A

Explanation:
SROI is a method for measuring values not traditionally reflected in financial statements, assessing social and environmental impact.

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

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