The 'seigniorage' revenue for a government arises from: MCQ with Answer and Explanation

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The 'seigniorage' revenue for a government arises from:

A. borrowing from abroad

B. selling public assets

C. issuing currency

D. tax collection

Answer: Option C

Solution (By JKSSB Mock Tests)

Seigniorage is the profit from issuing currency, the difference between face value and production cost.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Bharat Interface for Money' is a mobile application for:

A. insurance

B. UPI-based payments

C. tax payment

D. loan applications

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Correct Answer: Option B

Explanation:
BHIM is a UPI-based mobile payment app.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Doughnut Economics' framework proposed by Kate Raworth?

A. A model focused only on maximising GDP growth

B. An economic model that aims to meet human needs within the ecological limits of the planet

C. A model that ignores environmental boundaries

D. A model concerned only with financial stability

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Correct Answer: Option B

Explanation:
Doughnut economics visualises a safe and just operating space for humanity lying between a social foundation of human well-being and an ecological ceiling of planetary boundaries.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on life insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is:

A. 5%

B. 0%

C. 18%

D. exempt

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Correct Answer: Option D

Explanation:
PMJJBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1

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