The 'Rupay Kisan Card' is a: MCQ with Answer and Explanation

Question

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The 'Rupay Kisan Card' is a:

A. gift card

B. debit card for farmers

C. forex card

D. credit card

Answer: Option B

Solution (By JKSSB Mock Tests)

Rupay Kisan Card is a debit card for farmers.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a component of the current account of the balance of payments?

A. External commercial borrowings

B. Portfolio investment

C. Trade in goods and services

D. Foreign direct investment

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Correct Answer: Option C

Explanation:
The current account includes merchandise trade, trade in services, primary income and secondary income (transfers). FDI, portfolio investment and ECBs are capital account items.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of the 'Attention Economy' valuation of platforms?

A. Attention has no relation to valuation

B. Only book value matters

C. Valuations are based only on physical assets

D. Market valuations often reflect the platform’s ability to capture and monetise user attention and data rather than traditional cash flows alone

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Correct Answer: Option D

Explanation:
In the attention economy, the market value of many digital platforms is driven by their capacity to attract, retain and monetise user attention and the data generated by user engagement.

This question belongs to: Economy GK Economy Set 1