The 'NACH' system is used for: MCQ with Answer and Explanation

Question

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The 'NACH' system is used for:

A. stock trading

B. foreign exchange trading

C. bulk payments such as subsidies and salary credits

D. cryptocurrency

Answer: Option C

Solution (By JKSSB Mock Tests)

NACH is used for bulk electronic payments.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'World Bank' in India provides loans primarily for:

A. stock markets

B. elections

C. defence

D. development projects and economic reforms

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Correct Answer: Option D

Explanation:
World Bank loans in India finance development projects and economic reforms.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of the 'Just Transition' framework in climate policy?

A. Only focusing on technological solutions without social considerations

B. Ensuring that the shift to a low-carbon economy is fair and inclusive, protecting workers and communities dependent on carbon-intensive industries

C. Only maximising the speed of decarbonisation regardless of social costs

D. Ignoring the social consequences of climate policies

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Correct Answer: Option B

Explanation:
A just transition seeks to ensure that the benefits and costs of the transition to a low-carbon economy are shared equitably and that workers and communities affected by the decline of carbon-intensive sectors receive adequate support.

This question belongs to: Economy GK Economy Set 1