Economic and Corporate News [Current Affairs]: Questions 1 - 3 of 12
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🎯 442 MCQs (& PYQs) with Full Explanations (2024-2025 Exam)
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Question 1
Question MCQ▾
Which of these statement (s) is/are correct about the fourth industrial revolution?
1. Recently, the World Economic Forum (WEF) has chosen Hyderabad, Telangana for establishing its Centre for the Fourth Industrial Revolution (C4IR) .
2. The term 4IR was coined by Klaus Schwab, administrative chairperson of the WEF, in 2016.
3. It is characterised by the use of technology to blur the boundaries between the digital, physical, and natural worlds, and is driven by data.
Choices
Choice (4) | Response | |
---|---|---|
a. | 1 and 3 only | |
b. | 2 and 3 only | |
c. | 1 and 2 only | |
d. | All a., b. and c. are correct |
Question 2
Question MCQ▾
Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI) ’ ?
Choices
Choice (4) | Response | |
---|---|---|
a. | Direct transfer of subsidies to poor people will become very effective. | |
b. | Mobile wallets will not be necessary for online payments. | |
c. | Digital currency will totally replace the physical currency in about two decades. | |
d. | FDI inflows will drastically increase. |
Question 3
Question MCQ▾
Which of these statements correctly defines Payment Aggregators?
Choices
Choice (4) | Response | |
---|---|---|
a. | Online payment aggregators are companies that facilitate online payments by acting as intermediaries between the customer and the merchant. | |
b. | Their user-friendly features include a comprehensive dashboard, easy merchant onboarding, and quick customer support. | |
c. | Question does not provide sufficient data or is vague | |
d. | None of the above |