The 'Unified Payments Interface' was launched in which year? MCQ with Answer and Explanation

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The 'Unified Payments Interface' was launched in which year?

A. 2018

B. 2017

C. 2014

D. 2016

Answer: Option D

Solution (By JKSSB Mock Tests)

UPI was launched in April 2016.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'One District One Product' initiative aims to promote:

A. uniform education

B. district-specific products and exports

C. single tax rate

D. uniform industrial policy

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Correct Answer: Option B

Explanation:
One District One Product promotes production of unique products in each district for economic development and exports.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Skill Development Mission' is implemented by:

A. Ministry of Finance

B. NITI Aayog

C. Ministry of Skill Development and Entrepreneurship

D. Ministry of Labour

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Correct Answer: Option C

Explanation:
National Skill Development Mission is implemented by the Ministry of Skill Development and Entrepreneurship.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST Council' decisions are made by how much majority?

A. two-thirds majority

B. unanimous consent

C. simple majority

D. three-fourths majority

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Correct Answer: Option D

Explanation:
GST Council decisions require three-fourths majority.

This question belongs to: Economy GK Economy Set 1

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