The 'Bharat Bill Payment System' is operated by: MCQ with Answer and Explanation

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The 'Bharat Bill Payment System' is operated by:

A. SEBI

B. SBI

C. RBI

D. NPCI

Answer: Option D

Solution (By JKSSB Mock Tests)

BBPS is operated by NPCI for bill payments.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a major source of tax revenue for the Central Government?

A. Corporation tax, income tax and central GST

B. Only professional tax

C. Only entertainment tax

D. Only property tax collected by local bodies

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Correct Answer: Option A

Explanation:
The major sources of central tax revenue include corporation tax, personal income tax, and the central share of GST, along with customs duties.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Ninth Five Year Plan' period was:

A. 2002-2007

B. 1992-1997

C. 1995-2000

D. 1997-2002

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Correct Answer: Option D

Explanation:
The Ninth Five Year Plan covered 1997-2002.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' does not apply to:

A. goods and services

B. interstate supplies

C. imports

D. alcoholic liquor for human consumption

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Correct Answer: Option D

Explanation:
Alcoholic liquor for human consumption is outside GST.

This question belongs to: Economy GK Economy Set 1

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