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

Question

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The 'NACH' system is used for:

A. bulk payments such as subsidies and salary credits

B. foreign exchange trading

C. stock trading

D. cryptocurrency

Answer: Option A

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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An isoquant shows different combinations of two inputs that produce:

A. minimum cost

B. different levels of output

C. maximum profit

D. the same level of output

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Correct Answer: Option D

Explanation:
An isoquant is a curve showing all combinations of two inputs that yield the same level of output.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Green Tribunal' was established in which year?

A. 2008

B. 2015

C. 2010

D. 2012

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Correct Answer: Option C

Explanation:
The National Green Tribunal was established in 2010.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'General Agreement on Trade in Services' is part of:

A. IMF

B. UNCTAD

C. World Bank

D. WTO

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Correct Answer: Option D

Explanation:
GATS is a WTO agreement covering trade in services.

This question belongs to: Economy GK Economy Set 1

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