The 'UPI' transaction limit per transaction set by NPCI is generally: MCQ with Answer and Explanation

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The 'UPI' transaction limit per transaction set by NPCI is generally:

A. Rs 10,000

B. Rs 1,00,000

C. Rs 5,00,000

D. Rs 10,00,000

Answer: Option B

Solution (By JKSSB Mock Tests)

The general UPI transaction limit is Rs 1 lakh per transaction, though it varies by bank/category.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Pradhan Mantri Shram Yogi Maandhan' provides pension to:

A. unorganized sector workers in the age group of 18 to 40 years

B. all citizens

C. only government employees

D. only farmers

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Correct Answer: Option A

Explanation:
PM-SYM provides monthly pension to unorganized workers aged 18-40.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' annual return is filed in:

A. GSTR-3B

B. GSTR-9

C. GSTR-4

D. GSTR-1

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Correct Answer: Option B

Explanation:
GSTR-9 is the annual return.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a measure to promote exports?

A. Duty drawback schemes

B. High import tariffs on export inputs

C. Export subsidies

D. Special Economic Zones

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Correct Answer: Option B

Explanation:
High import tariffs on inputs used in export production raise costs and discourage exports. Export promotion measures include subsidies, duty drawbacks and SEZs.

This question belongs to: Economy GK Economy Set 1

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