Economic and Corporate News-Finance [Current Affairs]: Questions 1 - 3 of 6
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🎯 442 MCQs (& PYQs) with Full Explanations (2024-2025 Exam)
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Question 1
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 2
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 |
Question 3
Question MCQ▾
Consider the following facts about CBDT (Central Board of Direct Taxes) and identify correct statement (s) :
1. The Central Board of Direct Taxes (CBDT) was formed in 1924 as a part of the Department of Revenue in the Ministry of Finance.
2. The organization is responsible for the administration of direct tax laws in India and is the apex body for the administration of the Income Tax Act, 1961.
3. The primary function of the CBDT is to ensure that taxpayers comply with tax laws and regulations and that taxes are collected efficiently and effectively.
Choices
Choice (4) | Response | |
---|---|---|
a. | 2 and 3 | |
b. | 1 and 3 | |
c. | 1 and 2 | |
d. | All a., b. and c. are correct |