The 'RuPay' card is a product of: MCQ with Answer and Explanation

The 'RuPay' card is a product of:
A. National Payments Corporation of India
B. SBI
C. RBI
D. SEBI
Answer: Option A
Solution (By JKSSB Mock Tests)
RuPay card is an Indian payment card product of NPCI.

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Practice More Economy Set 1 Questions

Question #1
The 'Pradhan Mantri Jan Dhan Yojana' accounts were opened primarily to:
A. provide loans to large companies
B. promote stock trading
C. promote savings and financial inclusion
D. collect taxes

Correct Answer: Option C


Explanation:
PMJDY aims at financial inclusion through zero-balance savings accounts.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of public debt management, 'Debt Sustainability Analysis' typically examines:
A. Whether the projected path of the debt-to-GDP ratio remains stable or declines under plausible assumptions about growth, interest rates and primary balances
B. Only the currency composition
C. Only the maturity structure
D. Only the absolute level of debt

Correct Answer: Option A


Explanation:
Debt sustainability analysis assesses whether a country’s debt trajectory is consistent with intertemporal solvency, usually by examining the evolution of the debt-to-GDP ratio under baseline and stress scenarios.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of the future of work, 'Platform Work' is characterised by:
A. Only agricultural work
B. Only public-sector employment
C. Only traditional permanent employment
D. Work organised through digital platforms that match workers with clients or tasks, often on a short-term or on-demand basis

Correct Answer: Option D


Explanation:
Platform work is labour provided through, on or mediated by digital platforms, typically characterised by short-term tasks, algorithmic management and a triangular relationship between platform, worker and client.

This question belongs to: Economy GK Economy Set 1