Under PFMS, the centralized system module that facilitates direct payment to beneficiaries is called: MCQ with Answer and Explanation

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Under PFMS, the centralized system module that facilitates direct payment to beneficiaries is called:

A. E-Kuber

B. GSTN

C. DBT module

D. SWIFT

Answer: Option C

Solution (By JKSSB Mock Tests)

The Direct Benefit Transfer (DBT) module in PFMS directly routes welfare funds into the authenticated bank accounts of citizens.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

The primary objective of PFMS in India is to facilitate:

A. Just-in-time release of funds and end-to-end tracking of public funds

B. Stock market regulation

C. Collection of corporate taxes

D. Printing of currency notes

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Correct Answer: Option A

Explanation:
PFMS ensures transparency, tracking of fund utilization down to the lowest level, and Direct Benefit Transfers directly into beneficiaries' accounts.

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Question #2

PFMS facilitates 'Just-in-Time' release of funds. This means:

A. Funds are released annually

B. Funds are released when required, minimising idle balances

C. Funds are never released

D. Funds are released in advance

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Correct Answer: Option B

Explanation:
Just-in-Time in PFMS reduces float and improves cash management for government.

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Question #3

X and Y share profits in ratio 3:2. Z is admitted with 1/5th share. Sacrificing ratio of X and Y is:

A. 3:2

B. 2:3

C. 1:1

D. Equal to new ratio

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Correct Answer: Option A

Explanation:
If new partner's share is given without specifying sacrifice, old partners sacrifice in their old ratio. So 3:2.

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