The 'Digital Rupee' (e₹) is issued by: MCQ with Answer and Explanation

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The 'Digital Rupee' (e₹) is issued by:

A. Reserve Bank of India

B. NPCI

C. Commercial banks

D. Government of India

Answer: Option A

Solution (By JKSSB Mock Tests)

CBDC (Central Bank Digital Currency) is issued by the RBI.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Practice More Accountancy and Book Keeping Questions

Question #1

The term 'Liquidity Ratio' includes:

A. Current Ratio and Quick Ratio

B. Debt-Equity Ratio and Proprietary Ratio

C. Stock Turnover Ratio and Debtors Turnover Ratio

D. Gross Profit Ratio and Net Profit Ratio

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Correct Answer: Option A

Explanation:
Liquidity ratios measure the short-term solvency of a firm and include the Current Ratio and the Quick (or Acid-Test) Ratio.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The 'Government Company' as per Companies Act is one in which not less than 51% of paid-up share capital is held by:

A. Foreign investors

B. Public

C. Central/State Government(s)

D. RBI

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Correct Answer: Option C

Explanation:
As per Section 2(45) of Companies Act, 2013, government company has at least 51% government shareholding.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

The difference between standard cost and actual cost is called:

A. Profit

B. Variance

C. Margin

D. Waste

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Correct Answer: Option B

Explanation:
Variance is the difference between standard (expected) cost and actual cost.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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