The 'Bharat Interface for Money' is a mobile application for: MCQ with Answer and Explanation

The 'Bharat Interface for Money' is a mobile application for:
A. insurance
B. UPI-based payments
C. loan applications
D. tax payment
Answer: Option B
Solution (By JKSSB Mock Tests)
BHIM is a UPI-based mobile payment app.

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Practice More Economy Set 1 Questions

Question #1
The 'National Education Policy 2020' proposes which curricular structure in schools?
A. 10+2
B. 4+3+3+2
C. 8+4
D. 5+3+3+4

Correct Answer: Option D


Explanation:
NEP 2020 proposes a 5+3+3+4 curricular and pedagogical structure.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Economic Survey' is the annual flagship document of:
A. Ministry of Finance
B. NITI Aayog
C. RBI
D. SEBI

Correct Answer: Option A


Explanation:
Economic Survey is the flagship annual document of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on circus and theatre performances is:
A. 18%
B. exempt for certain theatre and circus performances
C. 12%
D. 0%

Correct Answer: Option B


Explanation:
Certain theatre and circus performances are exempt from GST.

This question belongs to: Economy GK Economy Set 1