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

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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.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Belt and Road Initiative' was announced by China in which year?

A. 2008

B. 2013

C. 2015

D. 2017

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Correct Answer: Option B

Explanation:
Belt and Road Initiative was announced in 2013.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Interoperability' in digital markets refers to:

A. Only the proprietary control of all interfaces

B. Only the absence of any data sharing

C. The complete isolation of platforms

D. The ability of different systems, platforms or services to work together and exchange information

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Correct Answer: Option D

Explanation:
Interoperability is the capacity of different digital systems or platforms to communicate, exchange data and use the exchanged information, which can reduce switching costs and increase contestability.

This question belongs to: Economy GK Economy Set 1

Question #3

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Interest payment on government debt is classified as:

A. non-tax revenue

B. plan expenditure

C. revenue expenditure

D. capital expenditure

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Correct Answer: Option C

Explanation:
Interest payment on debt is a recurring revenue expenditure.

This question belongs to: Economy GK Economy Set 1

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