The 'NEFT' settlement in India has been made available on a: MCQ with Answer and Explanation

The 'NEFT' settlement in India has been made available on a:
A. batch basis only on weekdays
B. only at branches
C. 24x7 basis since December 2019
D. monthly basis
Answer: Option C
Solution (By JKSSB Mock Tests)
NEFT is available 24x7 since December 2019.

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Practice More Economy Set 1 Questions

Question #1
An inflationary gap exists when:
A. actual output is below potential output
B. aggregate demand is less than full employment output
C. aggregate demand exceeds full employment output
D. unemployment is high

Correct Answer: Option C


Explanation:
An inflationary gap occurs when aggregate demand exceeds what the economy can produce at full employment.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'World Economic Forum' publishes which report?
A. World Economic Outlook
B. Global Financial Stability Report
C. World Development Report
D. Global Competitiveness Report

Correct Answer: Option D


Explanation:
WEF publishes the Global Competitiveness Report.

This question belongs to: Economy GK Economy Set 1
Question #3
PM Gati Shakti is a national master plan for:
A. tax administration
B. multi-modal connectivity and integrated infrastructure planning
C. banking reforms
D. agricultural exports

Correct Answer: Option B


Explanation:
PM Gati Shakti is a national master plan for multi-modal connectivity and integrated infrastructure planning.

This question belongs to: Economy GK Economy Set 1