The 'Central Bank Digital Currency' is a: MCQ with Answer and Explanation

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The 'Central Bank Digital Currency' is a:

A. mutual fund unit

B. cryptocurrency like Bitcoin

C. private digital token

D. digital form of fiat currency issued by the central bank

Answer: Option D

Solution (By JKSSB Mock Tests)

CBDC is a digital form of central bank issued fiat currency.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Annual Information Statement' in income tax is:

A. a bank statement

B. a statement of specified financial transactions

C. a statement of foreign travel

D. a statement of taxes only

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Correct Answer: Option B

Explanation:
AIS is a statement of specified financial transactions.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'labour force participation rate' in India is higher in which age group?

A. 0-14

B. 60+

C. 15-29

D. 30-59

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Correct Answer: Option D

Explanation:
Labour force participation is generally higher in the 30-59 age group.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Economic Survey' is usually authored by:

A. Chief Economic Adviser's team in the Ministry of Finance

B. SEBI

C. NITI Aayog

D. RBI

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Correct Answer: Option A

Explanation:
The Economic Survey is prepared by the Chief Economic Adviser's team.

This question belongs to: Economy GK Economy Set 1

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