The 'Digital rupee' is a central bank digital currency that has been launched by RBI in a pilot. MCQ with Answer and Explanation

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The 'Digital rupee' is a central bank digital currency that has been launched by RBI in a pilot.

A. False

B. Only for banks

C. Only for foreign trade

D. True

Answer: Option D

Solution (By JKSSB Mock Tests)

RBI has launched pilot projects for the Digital Rupee, a central bank digital currency.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' is a consumption-based tax because it is levied at:

A. export stage

B. import stage only

C. production stage only

D. the point of supply for final consumption

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Correct Answer: Option D

Explanation:
GST is a destination-based consumption tax levied at the point of supply.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Pradhan Mantri Ujjwala Yojana' aims to provide:

A. water connections

B. broadband connectivity

C. LPG connections to poor households

D. electricity connections

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Correct Answer: Option C

Explanation:
PMUY provides free LPG connections to poor households to promote clean cooking fuel.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on online education courses is:

A. 12%

B. 18%

C. 0%

D. 5%

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Correct Answer: Option B

Explanation:
Online education courses generally attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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