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QUIZ-1 (Q+S) 2024-25 Mrunal EcoPCB10 KING R QUEEN P
QUIZ-1 (Q+S) 2024-25 Mrunal EcoPCB10 KING R QUEEN P
Plus Test series Mrunal’s Economy for UPSC Prelims (PCB10-RAF… Weekly MCQ TEST for Prelim Economy Pillar1A1-…
Solutions
All answers
Question 1
+2 MARKS
Your Time Taken: 21s Avg Time Taken By Others: 51s Attempt Accuracy: 95%
In medieval India the term Fanam was associated with _ _ (मध्यकालीन भारत में फनम शब्द
किसी के साथ जुड़ा था):
Coins ( सिक्के )
Clothing (वस्त्र)
YOUR ANSWER
Solution Hide
Fanam was associated with Coins in Vijaynagar empire.
Question 2
+2 MARKS
Your Time Taken: 48s Avg Time Taken By Others: 36s Attempt Accuracy: 62%
Which of the following king is associated with the failed experimentation involving token
coins? (प्रतीकात्मक सिक्कों के असफल प्रयोग के साथ इनमें से कौन-सा शासक जुड़ा है?)
Solution Hide
Muhammad Bin Tughluq is associated with the failed experimentation involving token coins? .
Refer to history courses for more.
Question 3
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+2 MARKS
Your Time Taken: 14s Avg Time Taken By Others: 31s Attempt Accuracy: 80%
The primary function(s) of money includes (धन के प्राथमिक कार्यों में शामिल है):
1. Medium of exchange (विनिमय का माध्यम)
2. Transfer of Value (मूल्य का हस्तांतरण)
3. Measure of value (मूल्यांकन करना)
Only 1 and 3
Only 1 and 2
YOUR ANSWER
Only 3 1, 2 and 3
Solution Hide
Measure of value and Medium of exchange. so 1 and 3 are correct.
Question 4
+2 MARKS
Your Time Taken: 19s Avg Time Taken By Others: 46s Attempt Accuracy: 84%
On an Indian currency note it is written - I promise to pay bearer the sum of 100 rupees.
What is meant by this statement? ( भारतीय नोट पर यह लिखा जाता है - मैं धारक को 100 रुपये की
राशि का भुगतान करने का वचन देता हूं। इस कथन से क्या अभिप्राय है?)
1. The Governor of RBI accepts responsibility of protecting holders purchasing power
against inflation. (आरबीआई के गवर्नर मुद्रास्फीति के खिलाफ खरीदरों की सुरक्षा की जिम्मेदारी लेतें हैं)
2. The Governor of RBI accepts responsibility for exchanging this currency notes with other
notes and token coins of equal face value.(आर.बी. आई. के गवर्नर इस नोट को समान मूल्य के
अन्य नोटों और समान अंकित मूल्य के टोकन सिक्कों के साथ बदलने की जिम्मेदारी स्वीकार करते हैं)
Only 2
Only 1
YOUR ANSWER
Solution Hide
The Governor of RBI accepts responsibility for exchanging these currency notes with other
notes and token coins of equal face value.
Question 5
+2 MARKS
Your Time Taken: 25s Avg Time Taken By Others: 34s Attempt Accuracy: 66%
Which of the following app can help detecting counterfeit notes? (निम्न में से कौन-सा एप नक़ली/
जाली नोट परखने के लिए इस्तेमाल हो सकता है?)
Solution Hide
None of the given apps can detect the fake currency notes.
Question 6
+2 MARKS
Your Time Taken: 31s Avg Time Taken By Others: 59s Attempt Accuracy: 79%
Find correct statement(s) about RBI’s reforms in RTGS: (भारतीय रिज़र्व बैंक द्वारा आरटीजीएस के
सन्दर्भ में किये गए सुधारों के बारे में सही कथन चुनिए)
1. It can be used for transferring any amount of money between Rs 1 to Rs 100 crore. (इसका
उपयोग 1 रुपये से 100 करोड़ रुपये के बीच किसी भी राशि को भेजने के लिए किया जा सकता है)
2. RTGS is available on 24/7 basis on all days. (आरटीजीएस सभी दिनों में 24/7 पर उपलब्ध है)
3. From December 2023 RTGS will be merged with NEFT. (दिसंबर 2023 से आरटीजीएस का
एनईएफटी में विलय हो जाएगा)
Only 2
1, 2 and 3
YOUR ANSWER
Solution Hide
Only for large-value transactions and not small-value transactions. so #1 is wrong, by
elimination answer is C.
Question 7
+2 MARKS
Your Time Taken: 13s Avg Time Taken By Others: 29s Attempt Accuracy: 80%
RBI has ordered the banks to adopt Positive Pay Mechanism for preventing _ _ _ frauds.
(आरबीआई ने बैंकों के _ _ _ फ्रॉड को रोकने के लिए पॉजिटिव पे मैके निज्म अपनाने का आदेश दिया है।)
Cheque ( चेक)
Credit Card (क्रे डिट कार्ड)
YOUR ANSWER
Solution Hide
Cheque frauds. Watch Mrunal/handout lectures for more
Question 8
+2 MARKS
Your Time Taken: 33s Avg Time Taken By Others: 42s Attempt Accuracy: 75%
Which of the following is/are not legal tender(s) in India (निम्नलिखित में से कौन-सा /सें भारत में
वैध मुद्रा नहीं है/हैं)
1. Government Securities (G-Sec) and Treasury Bills (सरकारी प्रतिभूतियां एवं ट्रेजरी बिल)
2. Bonds issued by Public Sector Companies (सार्वजनिक क्षेत्र की कं पनियों द्वारा जारी किए गए बांड)
3. Rs. 500 and 1000 currency notes of old Mahatma Gandhi series. ( महात्मा गांधी श्रृंखला के
500 और 1000 के पुराने नोट)
1, 2 and 3
Only 3
YOUR ANSWER
Solution Hide
None of the given is legal tenders. So the answer is 1, 2 and 3.
Question 9
+2 MARKS
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A one rupee currency note in India is signed by (भारत में एक रुपये के करें सी नोट पर हस्ताक्षर
किया जाता है)
Solution Hide
One rupee note is signed by the Finance Secretary of the Union Government
Question 10
+2 MARKS
Your Time Taken: 21s Avg Time Taken By Others: 52s Attempt Accuracy: 83%
Card Tokenisation norm of RBI is associated with (आर बी आई का कार्ड टोकनाइजेशन मानदंड
किसके साथ संबद्ध है?)
Solution Hide
Card Tokenisation norm of RBI is associated with card safety.
Question 11
+2 MARKS
Your Time Taken: 7s Avg Time Taken By Others: 18s Attempt Accuracy: 88%
Solution Hide
Not-for-profit company.
Question 12
+2 MARKS
Your Time Taken: 16s Avg Time Taken By Others: 39s Attempt Accuracy: 72%
RBI has banned the use of credit / debit cards with magnetic stripes. Why? (आर बी आई ने
मेग्नेटिक चिप वाले क्रे डिट / डेबिट कार्ड के उपयोग पर प्रतिबंध लगा दिया है। क्यों?)
Question 13
+2 MARKS
Your Time Taken: 18s Avg Time Taken By Others: 36s Attempt Accuracy: 75%
Find correct statement(s) about Rupay (रूपये के बारे में सही कथन चुनिए:)
1. It is a digital code to transfer subsidy to poor people. (ये ग़रीबों को सब्सिडी भेजने के लिए प्रयोग
होने वाला एक डिजिटल कोड है)
2. It is developed and operated by the NPCI. (यह एनपीसीआई द्वारा विकसित और संचालित है)
Only 2
Only 1
YOUR ANSWER
Solution Hide
It is a card payment system and not a code. So statement 1 is wrong and statement 2 is right.
Question 14
+2 MARKS
Your Time Taken: 32s Avg Time Taken By Others: 54s Attempt Accuracy: 46%
Find correct statement(s) about the Payments Infrastructure Development Fund (भुगतान
इन्फ्रास्ट्रक्चर डेवलपमेंट फं ड के बारे में सही कथन को चुनिए:)
1. It is jointly setup by NPCI and NHAI. (यह एनपीसीआई और एनएचएआई द्वारा संयुक्त रूप का
सेटअप है)
2. It aims to expand the FASTag toll collection mechanism across India. (इसका उद्देश्य पूरे
भारत में फ़ास्ट टैग टोल संग्रह तंत्र का विस्तार करना है)
Only 1 Only 2
Neither 1 nor 2
Both 1 and 2
YOUR ANSWER
Solution Hide
Developed by RBI and Banks so statement 1 is wrong. It aims to help the merchants adopt
digital payment system. So statement 2 is wrong.
Question 15
+2 MARKS
Your Time Taken: 19s Avg Time Taken By Others: 38s Attempt Accuracy: 73%
Solution Hide
Primary function of National Financial Switch is Networking of automated teller machines
with banks (ATM Network).
Question 16
+2 MARKS
Your Time Taken: 11s Avg Time Taken By Others: 24s Attempt Accuracy: 87%
Who among the following has developed BharatQR? (निम्नलिखित में से किसने BharatQR को
विकसित किया है?)
NPCI ( एनपीसीआई)
Google Pay (गूगल पे)
YOUR ANSWER
Solution Hide
NPCI has developed BharatQR.
Question 17
+2 MARKS
Your Time Taken: 25s Avg Time Taken By Others: 32s Attempt Accuracy: 76%
Question 18
+2 MARKS
Your Time Taken: 9s Avg Time Taken By Others: 12s Attempt Accuracy: 91%
Satoshi (सातोशी)
Blockchain ( ब्लॉकचेन)
YOUR ANSWER
Solution Hide
Smallest Unit of Bitcoin is Satoshi.
Question 19
+2 MARKS
Your Time Taken: 17s Avg Time Taken By Others: 37s Attempt Accuracy: 69%
It is an organisation of electronics
Ministry for digital payment. (डिजिटल
None of the above (इनमें से कोई नहीं)
भुगतान के लिए इलेक्ट्रॉनिक्स मंत्रालय की एक
संस्था है)
Solution Hide
e-RUPI is a digital payment instrument form of an SMS or QR code.
Question 20
+2 MARKS
Your Time Taken: 18s Avg Time Taken By Others: 27s Attempt Accuracy: 84%
Solution Hide
123PAY makes it easier to use the UPI money transfer facility on basic phones.
Question 21
+2 MARKS
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Which of the following facility relies on Radio Frequency Identification (RFID) technology?
(निम्न में से कोन-सी सुविधा आरएफ़आईडी टेक्नोलोजी पर निर्भर है?)
FASTag (फास्टैग)
Cryptocurrency (क्रिप्टोकरें सी)
YOUR ANSWER
Solution Hide
FASTag uses RFID.
Question 22
+2 MARKS
Your Time Taken: 12s Avg Time Taken By Others: 31s Attempt Accuracy: 89%
Which correctly describes the meaning of legal tender money? (निम्नलिखित में से कौन-सा एक
कथन वैध मुद्रा (लीगल टेंडर मनी) के अर्थ को सही वर्णित करता है?) (Pre-2018)
Solution Hide
Option (b) is correct: Legal Tender is a coin or a banknote that is legally tenderable for
discharge of debt or obligation. The money which a creditor is under compulsion to accept in
settlement of claims is termed as legal tender money. Usually all denominations of the
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circulating paper money are legal tenders, the denomination and amount in coins acceptable
as legal tender varies from country to country. This is also called lawful money.
Question 23
+2 MARKS
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Consider the following statements: (निम्नलिखित कथनों पर विचार कीजिए:) (Asked in UPSC-CDS-
2011-II)
1. In India, the minimum denomination coin acceptable for transaction is 50 paise. (भारत में
लेन-देन के लिए स्वीकार्य न्यूनतम मूल्यवर्ग का सिक्का 50 पैसे है)
2. Coins below 50 paise are not a legal tender for payment. (50 पैसे से कम के सिक्के भुगतान के
लिए वैध मुद्रा नहीं हैं।)
Which of the statements given above is/are correct?
Solution Hide
Statement 1 is correct: As per the order of the Ministry of Finance (Government of India), the
minimum denomination coin acceptable for transaction is 50 paise. Also, in accounting, i.e.
the entries in books of accounts, pricing of products/services/taxes shall also be rounded off
to 50 paise or whole rupee.
Statement 2 is correct: The Government of India has decided to withdraw coins of
denomination of 25 paise and below from circulation with effect from June 30, 2011. So, coins
below 50 paisa are not a legal tender for payment.
Question 24
+2 MARKS
Your Time Taken: 25s Avg Time Taken By Others: 44s Attempt Accuracy: 88%
The term ‘Core Banking Solutions’ is sometimes seen in the news. Which of the following
statements best describes/describe this term? ('कोर बैंकिं ग समाधान' शब्द कभी-कभी समाचारों में
देखा जाता है। निम्नलिखित कथनों में में से कौन-सा/से इस शब्द का सर्वोत्तम वर्णन करता है/करते हैं?)
(Asked in UPSC Prelims-2016)
1. It is a network of a bank’s branches which enables customers to operate their accounts
regardless of where they open their accounts.(यह एक बैंक की शाखाओं का वह तंत्र है जो
उपभोक्ताओं को अपने खातों का संचालन बैंक की किसी भी शाखा से कर सकने की सुविधा देता चाहे उन्होंने
अपना खाता कहीं भी खोल रखा हो)
2. It is an effort to increase RBI’s control over commercial banks through computerization.
(यह व्यवासायिक बैंकों पर कम्प्यूटरीकरण के माध्यम से आरबीआई के नियंत्रण को बढ़ाने का एक प्रयास है।)
3. It is a detailed procedure by which a bank with huge non-performing assets is taken
over by another bank. (यह एक विस्तृत प्रक्रिया है जिसके द्वारा एक विशाल अनर्जक परिसंपत्ति वाले बैंक
का अधिग्रहण दू सरे बैंक द्वारा कर लिया जाता है।)
Select the correct answer using the code given below: (नीचे दिए गए कू ट का प्रयोग कर सही उत्तर
चुनिए)
1 only (के वल 1)
2 and 3 only (के वल 2 व 3)
Solution Hide
Statement 1 is correct: Core Banking Solution (CBS) is the networking of bank branches,
which allows customers to manage their accounts, and use various banking facilities from any
part of the world. Through CBS a customer can avail banking services from any branch of the
Bank on CBS network, regardless of where he maintains his account. The customer is no more
the customer of a Branch. He becomes the Bank’s Customer. All CBS branches are inter-
connected with each other.
Statement 2 and statement 3 are irrelevant.
Question 25
+2 MARKS
Your Time Taken: 11s Avg Time Taken By Others: 26s Attempt Accuracy: 88%
Find Correct Statement(s) (सही कथन/कथनों का चयन कीजिए:) [asked in UPSC- Prelims-2017]
1. NPCI helps in promoting financial inclusion in the country. (NPCI देश में वित्तीय समावेशन को
बढ़ावा देने में मदद करता है)
2. NPCI has launched RuPay, a card payment scheme. (NPCI ने कार्ड भुगतान योजना RuPay
लॉन्च की है)
Which of the statements given above is/are correct? (उपरोक्त दिए गए कथन/कथनों में से कौन-सा/से
सही है/हैं?)
Solution Hide
Statement 1 is correct: National Payment Corporation of India (NPCI) is an umbrella
organization for operating retail payments settlement systems in India. NPCI was established
jointly by the Reserve Bank of India (RBI) and Indian Bank’s Association (IBA) under the
Payment and Settlement Systems Act of 2007. NPCI) is an umbrella organization for
operating retail payments settlement systems in India. It aims to facilitate affordable
payment mechanisms to benefit the common people across the country and help financial
inclusion.
Statement 2 is correct: NPCI facilitates all the retail payments in India. NPCI operates the
RuPay card network, which is India’s domestic card network. NPCI also operates the Unified
Payments Interface (PUI), which is a real-time payments system that allows for instant
payments between bank accounts.
Question 26
+2 MARKS
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Find Correct Statement(s) (सही कथन/कथनों का चयन कीजिए) [asked in UPSC- Prelims-2018]
1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank
account. (भीम ऐप उपयोग करने वाले के लिए यह एप UPI-सक्षम बैंक खाते से किसी को धन हस्तांतरित
1 only (के वल 1)
2 only (के वल 2)
YOUR ANSWER
Solution Hide
Statement 1 is correct: Bharat Interface for Money (BHIM) is a payment app that allows us to
make simple, easy and quick transactions using Unified Payments Interface (UPI). One can
make direct bank payments to anyone on UPI using their UPI ID or scanning their QR with the
BHIM app.
Statement 2 is not correct: It is an Indian mobile payment App developed by the National
Payments Corporation of India (NPCI). Chip pin debit card does not have four factor
authorization while BHIM app has three factor authentication.
Question 27
+2 MARKS
Your Time Taken: 23s Avg Time Taken By Others: 49s Attempt Accuracy: 68%
Which one of the following best describes the term “Merchant Discount Rate” sometimes
seen in news? (कभी कभी समाचारों में आने वाले “व्यापारिक छू ट दर” - मर्चेंट डिस्काउंट रे ट को
निम्नलिखित में से कौन-सा सबसे सही स्पष्ट करता है?) (Pre18 Set-D)
Solution Hide
Question 28
+2 MARKS
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Find the correct statement(s) about Bitcoin? (बिटकॉइन के सम्बन्ध में सही कथन/कथनों को चुनिए:)
[UPSC-CDS-2017-I]
1. It is a decentralized virtual currency. (यह एक के न्द्रीयकृ त आभासी मुद्रा है)
2. It is generated through complex computer software systems. (इसे कॉम्प्लेक्स कं प्यूटर
सॉफ्टवेयर सिस्टम के माध्यम से जनरे ट किया जाता है)
3. The Reserve Bank of India recognized it as a legal tender in January 2016.(भारतीय रिजर्व
बैंक ने जनवरी 2016 में इसे वैध मुद्रा के रूप में मान्यता दी)
Answer Codes: (उत्तर हेतु कू ट:)
Solution Hide
Statement 1 is correct: Bitcoin is a cryptocurrency, a virtual currency designed to act as
money and a form of payment outside the control of any one person, group, or entity, thus
removing the need for third-party involvement in financial transactions.
Statement 2 is correct: Bitcoin can be generated through complex computer software
systems with solutions shared on a network, although the process is complex and such
'mining' can be done only on very powerful servers.
Statement 3 is not correct: The Reserve Bank of India (RBI) does not recognize Bitcoin as
legal tender.
Question 29
-0.66 MARKS
Your Time Taken: 41s Avg Time Taken By Others: 57s Attempt Accuracy: 68%
Find correct statement(s) about “Blockchain Technology” (“ब्लॉकचेन तकनीकी" के संदर्भ में,
निम्नलिखित कथनों पर विचार कीजिए:) [UPSC-Prelims-2020]
1. It is a public ledger that everyone can inspect, but which no single user controls. (यह एक
सार्वजनिक खाता है जिसका हर कोई निरीक्षण कर सकता है, परन्तु जिसे कोई भी एक उपभोक्ता नियंत्रित नहीं
करता)
2. Structure and design of blockchain is such that all the data in it is about cryptocurrency
only. (ब्लॉकचेन की संरचना और अभिकल्प ऐसा है कि इसका समूचा डेटा के वल क्रिप्टोकरें सी के बारे में है)
3. Applications that depend on basic features of blockchain can be developed without
anybody’s permission.(ब्लॉकचेन के आधारभूत वैशिष्ट्यों पर आधारित अनुप्रयोगों को बिना किसी व्यक्ति
की अनुमति के विकसित किया जा सकता है)
Answer Codes: (उत्तर हेतु कू ट:)
1 only (के वल 1)
Solution Hide
Statement 1 is correct: Blockchain is a shared, trusted, public ledger of transactions, that
everyone can inspect but which no single user controls. The participants in a blockchain
system collectively keep the ledger up to date: it can be amended only according to strict
rules and by general agreement.
Statement 2 is not correct: A blockchain is a data structure. The term blockchain comes from
the structure that stores your data. All data becomes separated into blocks. Every block
states which block came before it creating a “chain” of blocks. Stating which block came
previously is commonly referred to as referencing. It is not necessary that the structure and
design of blockchain is about cryptocurrency only.
Statement 3 is correct: The applications that depend on the basic features of the blockchain
can be developed without asking anybody for permission or paying anyone. Since blockchain
operates through a decentralized platform requiring no central supervision, it is used in
voting, banking, messaging apps, internet advertising, etc.
Question 30
+2 MARKS
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Find correct statements about Non-Fungible Tokens (NFTs) (नॉन-फं जिबल टोकें स (Non-
Fungible Tokens-NFTs) के सन्दर्भ में निम्नलिखित कथनों पर विचार कीजिए) (Asked in Prelims-2022)
1. They enable the digital representation of physical assets.(वे भौतिक परिसंपत्तियों के अंकीय
निरूपण डिजिटल रिप्रेज़ेंटेशन को सुकर बनाते हैं)
2. They are unique cryptographic tokens that exist on a blockchain. (वे अनन्य क्रिप्टोग्राफिक
टोकें स हैं जो किसी ब्लॉकचैन में विद्यमान हैं)
3. They can be traded or exchanged at equivalency and therefore can be used as a
medium of commercial transactions. (उनका, तुल्यता पर, व्यापार या विनिमय किया जा सकता है
और इसलिए उनका वाणिज्यिक लेन-देन के माध्यम के रूप में इस्तेमाल किया जा सकता है)
Codes: (उत्तर हेतु कू ट)
Solution Hide
Statement 1 and statement 2 are correct: Non-fungible tokens (NFTs) are unique
cryptographic assets or tokens that exist on a blockchain and cannot be replicated. NFTs
represent both digital as well as physical assets.
Statement 3 is not correct: Unlike cryptocurrencies, they cannot be traded or exchanged at
equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to
each other and, therefore, can serve as a medium for commercial transactions.
Question 31
+2 MARKS
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How many of the following are allowed to purchase the E-Rupi vouchers? (निम्नलिखित में से
कितने को ई-रूपी वाउचर खरीदने की अनुमति है?)
1. Central Government (कें द्र सरकार)
2. Public Sector Companies (सार्वजनिक क्षेत्र की कं पनियां)
3. Private Sector Companies (निजी क्षेत्र की कं पनियां)
4. Individual Person (एकल व्यक्ति)
Answer Codes: (उत्तर हेतु कू ट)
only one of these (इनमें से के वल एक) only two of these (इनमें से के वल दो)
Solution Hide
Explanation: RBI permitted all of them to buy E-rupi vouchers.
Therefore, the answer is D All four.
Question 32
-0.66 MARKS
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How many of the following framework or rules deal with crypto currency regulation?
(निम्नलिखित में से कितने फ्रे मवर्क या नियम क्रिप्टो मुद्रा विनियमन से संबंधित हैं?)
1. Basel Framework (BASEL फ्रे मवर्क )
2. CARF Framework (CARF फ्रे मवर्क )
3. MICA Framework (MICA फ्रे मवर्क )
Answer Codes (उत्तर हेतु कू ट)
only one of these (इनमें से के वल एक) only two of these (इनमें से के वल दो)
INCORRECT CORRECT ANSWER
Solution Hide
Explanation: BASEL deals with banking regulation and not crypto currency regulation. MICA
(EU) and CARF (OECD) correct. Therefore the answer is [B].
Question 33
+2 MARKS
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Solution Hide
Ans. D. RTGS-NEFT owned by RBI and NOT NPCI so st1 is wrong, and by elimination of
options containing this statement, we arrive at the correct answer [D].
Question 34
+2 MARKS
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What is the objective of Worldcoin project? (वर्ल्डकॉइन परियोजना का उद्देश्य क्या है?)
Solution Hide
Explanation: Project by CHATGP Founder to create unique identity cards for persons using iris
scan.
Therefore, the answer is C.
Question 35
+2 MARKS
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How many of the following technologies are related to money transfer? (निम्नलिखित में से
कितनी तकनीकें धन हस्तांतरण से संबंधित है/हैं?)
Solution Hide
Explanation:
Coalition for Disaster Resilient Infrastructure is a global coalition to promote disaster-resilient
infrastructure. It is not money transfer technology. Other 3 are right.
Therefore, the answer is C.
Question 36
+2 MARKS
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India has signed LCSS agreement with: (भारत ने किसके साथ LCSS समझौते पर हस्ताक्षर किए हैं:)
Solution Hide
Explanation: 2023: Reserve Bank of India and the Central Bank of UAE (CBUAE) signed
agreement for Local Currency Settlement System (LCSS). this will allow
importers/exporters/investors/tourists to pay in their respective domestic currencies i.e. in
Indian rupee (INR) and the UAE Dirham (AED). (Without using Dollars.)
Therefore, the answer is D.
Question 37
+2 MARKS
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Solution Hide
Explanation: it is on-device wallet.
Therefore, the answer is C.
Question 38
-0.66 MARKS
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UPI technology can be used for how many of the following facilities? (UPI तकनीक का उपयोग
निम्नलिखित में से कितनी सुविधाओं के लिए किया जा सकता है?)
1. Small value money transactions. (छोटे मूल्य के लिए धन का लेनदेन)
2. Availing overdraft facility. (ओवरड्राफ्ट सुविधा का लाभ उठाना)
3. Getting coins from Coin Vending Machines (सिक्के बेचने वाली मशीन से सिक्के निकालने के लिए)
4. Withdrawal of money from ATM (ATM से धन निकालना)
Answer Codes (उत्तर हेतु कू ट)
only one of these (इनमें से के वल एक) only two of these (इनमें से के वल दो)
only three of these (इनमें से के वल तीन) All four of these (सभी चार)
INCORRECT CORRECT ANSWER
Solution Hide
Explanation: all of them are correct. read the UPI section of Mrunal’s handout Pillar1A1.
Therefore, the answer is D.
Question 39
+2 MARKS
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Which of the following characteristics can be attributed to the currency note of Rs.2000 as
on 1/sept/2023? (1/सितंबर/2023 को 2000 रुपये के करें सी नोट में निम्नलिखित में से कौन सी विशेषता
को चिन्हित किया जा सकता है?)
1. Fiat Money (वैधानिक मुद्रा)
2. Legal Tender (विधिमान्य मुद्रा/लीगल टेंडर )
Answer Codes: (उत्तर हेतु कू ट)
Solution Hide
Explanation: Both are correct. read the ₹2000 withdrawal section of Mrunal’s handout
Pillar1A1.
55 min 6 day
Question 40
+2 MARKS
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Find correct pairs of Technology and potential application (प्रौद्योगिकी और संभावित अनुप्रयोग के
सही युग्म मिलाए)
1. RFID: offline payments using UPI. (RFID : UPI के उपयोग द्वारा ऑफ़लाइन भुगतान।)
2. Near Field Communication (NFC) : collection of toll payment in Fastag. (नियर फील्ड
कम्युनिके शन (NFC) : Fastag में टोल भुगतान का संग्रह।)
Answer Codes: (उत्तर हेतु कू ट)
Neither 1 nor 2 (न तो 1, न ही 2)
Both 1 and 2 (1 और 2 दोनों)
YOUR ANSWER
Solution Hide
Explanation: It is inverse. NFC for offline payment and RFID for Fastag.
Therefore, the answer is D.