The 'Bharat QR code' is used for: MCQ with Answer and Explanation

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The 'Bharat QR code' is used for:

A. land records

B. passport verification

C. digital payments at merchant locations

D. railway ticket booking

Answer: Option C

Solution (By JKSSB Mock Tests)

Bharat QR code is used for QR-based digital payments at merchants.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on restaurant food is:

A. 5% without ITC

B. 18%

C. 12%

D. 28%

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Correct Answer: Option A

Explanation:
Restaurant services generally attract 5% GST without input tax credit.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Foundational Economy' approach?

A. Focus only on financial services

B. Focus only on luxury consumption

C. Focus on the essential goods and services that keep citizens safe, healthy and educated, often provided collectively

D. Focus only on high-tech export sectors

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Correct Answer: Option C

Explanation:
The foundational economy comprises the everyday goods and services—utilities, food, health, education, care—that are essential for civilised life and are often most effectively provided through collective arrangements.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on hotel rooms with tariff above Rs 7,500 is:

A. 12%

B. 28%

C. 5%

D. 18%

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Correct Answer: Option D

Explanation:
Hotel rooms above Rs 7,500 tariff attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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