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

Question
PFMS integrates with which system for Direct Benefit Transfer?
A. Core Banking System
B. Only UPI
C. Aadhaar Payment Bridge
D. Both A and B
Answer: Option D
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
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
Examining documentary evidence to ascertain the accuracy and authenticity of transactions is called:
A. Verification
B. Vouching
C. Internal checking
D. Valuation
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Vouching is the practice of checking the entries in the books of accounts with supporting documents (vouchers) to prove their accuracy.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'GST Suvidha Providers' (GSPs) are:
A. Banks
B. Tax officials
C. Government agencies
D. Private entities authorised to provide GST compliance services
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
GSPs facilitate taxpayers in filing returns and other GST compliances via software.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
If an asset is purchased and a post-dated cheque is given, the transaction is immediately recorded in:
A. Sales Book
B. Cash Book
C. Journal Proper
D. Purchase Book
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Until the post-dated cheque becomes currently payable, the transaction is treated as credit and recorded in the Journal Proper.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: