The 'Account Aggregator' framework in India deals with: MCQ with Answer and Explanation

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The 'Account Aggregator' framework in India deals with:

A. sharing of financial data with user consent

B. tax collection

C. merging bank accounts

D. deposit insurance

Answer: Option A

Solution (By JKSSB Mock Tests)

Account Aggregator framework enables consent-based sharing of financial information.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the Indian fiscal federalism?

A. Complete centralisation of all taxes

B. Only states collect all major taxes

C. Absence of any sharing of taxes

D. Division of tax powers between Centre and States with Finance Commission recommendations

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Correct Answer: Option D

Explanation:
Indian fiscal federalism involves constitutional division of tax bases between the Centre and States, with the Finance Commission recommending the sharing of divisible taxes and grants.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in:

A. 1947

B. 1875

C. 1850

D. 1900

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Correct Answer: Option B

Explanation:
BSE was established in 1875.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'European Central Bank' headquarters is in:

A. Frankfurt

B. Paris

C. Brussels

D. Berlin

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Correct Answer: Option A

Explanation:
ECB headquarters is in Frankfurt.

This question belongs to: Economy GK Economy Set 1

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