S1: PFMS stands for Public Financial Management System. S2: PFMS is implemented by the Reserve Bank of India. Which statement(s) is/are correct? MCQ with Answer and Explanation
S1: PFMS stands for Public Financial Management System. S2: PFMS is implemented by the Reserve Bank of India. Which statement(s) is/are correct?
A. Both S1 and S2
B. S1 only
C. Neither S1 nor S2
D. S2 only
Answer: Option B
Solution (By JKSSB Mock Tests)
PFMS stands for Public Financial Management System, a web-based software system. It is implemented by the Controller General of Accounts (CGA) under the Ministry of Finance, not the RBI. S1 is correct, S2 is incorrect.
S1: The Indian Financial System comprises both organized and unorganized sectors. S2: The organized sector includes moneylenders and indigenous bankers. Which statement(s) is/are correct?
Explanation:
The Indian Financial System has both organized (banks, RBI, stock exchanges) and unorganized (moneylenders, indigenous bankers) sectors. S2 is incorrect because moneylenders belong to the unorganized sector.
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