The 'Aadhaar Payment Bridge System' enables: MCQ with Answer and Explanation

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The 'Aadhaar Payment Bridge System' enables:

A. insurance claims

B. direct benefit transfers using Aadhaar number

C. foreign exchange trading

D. stock trading

Answer: Option B

Solution (By JKSSB Mock Tests)

APBS enables direct benefit transfers using Aadhaar number.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'dependency ratio' is higher when:

A. dependent population is large relative to working-age population

B. death rate is high

C. working-age population is large

D. birth rate is low

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Correct Answer: Option A

Explanation:
Dependency ratio rises with a larger dependent population relative to working-age population.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Special Economic Zone' (SEZ) is associated with:

A. Promoting exports and attracting investment

B. Restricting foreign investment

C. Reducing agricultural production

D. Increasing import tariffs

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Correct Answer: Option A

Explanation:
SEZs are designated areas that offer incentives such as tax benefits and simplified procedures to promote exports, attract domestic and foreign investment, and generate employment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Central Bank Digital Currency' is a:

A. cryptocurrency like Bitcoin

B. mutual fund unit

C. private digital token

D. digital form of fiat currency issued by the central bank

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Correct Answer: Option D

Explanation:
CBDC is a digital form of central bank issued fiat currency.

This question belongs to: Economy GK Economy Set 1

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