The 'Aadhaar Enabled Payment System' uses which biometric identifier? MCQ with Answer and Explanation

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The 'Aadhaar Enabled Payment System' uses which biometric identifier?

A. Only voice

B. Only password

C. Fingerprint and iris

D. Only PIN

Answer: Option C

Solution (By JKSSB Mock Tests)

AEPS uses Aadhaar number and biometric authentication such as fingerprint or iris.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Mission on Education through Information and Communication Technology' was launched to enhance:

A. education through ICT

B. defence technology

C. agricultural technology

D. banking technology

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Correct Answer: Option A

Explanation:
NMEICT aims to enhance education through ICT.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of market failure, externalities lead to:

A. Efficient market outcomes

B. Perfect competition

C. Divergence between private and social costs or benefits

D. Zero role for government intervention

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Correct Answer: Option C

Explanation:
Externalities cause a divergence between private and social costs (or benefits), leading to over- or under-production relative to the socially optimal level.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on edible oils is:

A. 12%

B. 18%

C. 0%

D. 5%

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Correct Answer: Option D

Explanation:
Edible oils attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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