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

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The 'Aadhaar Payment Bridge System' enables:

A. foreign exchange trading

B. direct benefit transfers using Aadhaar number

C. stock trading

D. insurance claims

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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Question #1

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In the context of international trade, 'Voluntary Export Restraint' is an example of:

A. Non-tariff barrier

B. Export promotion measure

C. Free trade agreement

D. Tariff barrier

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Correct Answer: Option A

Explanation:
A Voluntary Export Restraint (VER) is a non-tariff barrier under which an exporting country agrees to limit the quantity of exports to a particular country.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'General Anti-Avoidance Rule' in India was introduced in which year?

A. 2018

B. 2020

C. 2017

D. 2010

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Correct Answer: Option C

Explanation:
GAAR came into effect in India in April 2017.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Swachh Bharat Mission' consists of two components: rural and:

A. defence

B. agricultural

C. urban

D. industrial

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Correct Answer: Option C

Explanation:
Swachh Bharat Mission has rural and urban components.

This question belongs to: Economy GK Economy Set 1

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