The 'Immediate Payment Service' is an interbank electronic fund transfer service available: MCQ with Answer and Explanation

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The 'Immediate Payment Service' is an interbank electronic fund transfer service available:

A. only on weekdays

B. only during banking hours

C. only at branches

D. 24x7

Answer: Option D

Solution (By JKSSB Mock Tests)

IMPS is available 24x7 for instant interbank fund transfers.

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 ice cream is:

A. 5%

B. 28%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Ice cream attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Yojana Aayog' is the Hindi name for:

A. Finance Commission

B. Planning Commission

C. NITI Aayog

D. GST Council

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Correct Answer: Option B

Explanation:
The Planning Commission was known as Yojana Aayog in Hindi.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'United Nations Conference on Trade and Development' is headquartered in:

A. Rome

B. Vienna

C. New York

D. Geneva

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Correct Answer: Option D

Explanation:
UNCTAD is headquartered in Geneva, Switzerland.

This question belongs to: Economy GK Economy Set 1

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