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

Question

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

A. only on weekdays

B. only at branches

C. 24x7

D. only during banking hours

Answer: Option C

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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Question #1

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The Self-Help Group Bank Linkage Programme in India is implemented mainly by:

A. IRDA

B. SEBI

C. NABARD

D. EXIM Bank

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Correct Answer: Option C

Explanation:
NABARD is the main implementing agency for the SHG-Bank Linkage Programme.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on metro rail travel is:

A. 0%

B. 18%

C. 5%

D. 12%

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Correct Answer: Option C

Explanation:
Metro rail travel attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on internet services is:

A. 5%

B. 12%

C. 28%

D. 18%

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Correct Answer: Option D

Explanation:
Internet services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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