This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Polity > Governance > Initiatives > Government Initiatives – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Government Initiatives Quiz 1 (29 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... Has to determine the source of finance for funding the venture A) Promoter. B) Intrapreneur. C) Manager. D) Enterpreneur. Show Answer Correct Answer: D) Enterpreneur. 2. A promotional scheme of Government of India will provide 0.5 % incentive on transaction amount for retailers, who accept digital payments based on biometric authentication. What is the name of the scheme? A) BHIM-Cashback Scheme for merchants. B) BHIM-Referral Bonus Scheme for merchants. C) BHIM-Aadhaar Promotional Scheme. D) All of the above. Show Answer Correct Answer: C) BHIM-Aadhaar Promotional Scheme. 3. What is the Vision of Digital India Programme? A) To provide the citizens of India seamless digital payments. B) To provide the citizens of India seamless mobile payments. C) To provide the citizens of India seamless online payments. D) All of the above. Show Answer Correct Answer: A) To provide the citizens of India seamless digital payments. 4. Digital Jagriti programme of Government of India, is conducted by Common Service Centre. What is the purpose of Digital Jagriti? A) Increasing Digital Transactions. B) Creating Awareness for Digital Financial Inclusion and Access. C) Creating Awareness about various forms of electronic payments. D) Developing Apps for Digital Transactions. Show Answer Correct Answer: B) Creating Awareness for Digital Financial Inclusion and Access. 5. Entrepreneur has to include the mechanism for managing the venture in the A) Project report. B) Statutory license. C) Both a and b. D) None of these. Show Answer Correct Answer: A) Project report. 6. ..... has to include the mechanism for managing venture in the project report A) Government. B) Lending institution. C) Entrepreneur. D) Banker. Show Answer Correct Answer: C) Entrepreneur. 7. What is the professed role of Digital India Programme? A) Faceless, Cashless & Paperless. B) Hassel free, Cashless & Paperless. C) Faceless, Cashless & Digital. D) None of the above. Show Answer Correct Answer: A) Faceless, Cashless & Paperless. 8. RBI has revised the criteria for categorisation of merchants for charging different MDRs. What is the basis of categorisation? A) Annual Turnover. B) Annual Profit. C) Annual Number of Transactions. D) Both Second and Third options are correct. Show Answer Correct Answer: A) Annual Turnover. 9. Make in India initiative was launched in A) April 2014. B) September 2014. C) May 2014. D) None of these. Show Answer Correct Answer: B) September 2014. 10. RBI has relaxed norms on Additional Factor Authentication for certain digital payments upto Rs.2000 per transaction. What is the effect of this? A) It will be applicable to Card Present Cases. B) It will be applicable to only Contactless Cards. C) Both first and the second options are correct. D) Neither the First nor the Second option is correct. Show Answer Correct Answer: C) Both first and the second options are correct. 11. A promotional scheme of Government of India will provide 0.5 % incentive on transaction amount for retailers, who accept digital payments based on biometric authentication. What is the maximum amount of each transaction to be eligible for incentive? A) Rs.5, 000/-. B) Rs, 1, 000/-. C) Rs.2, 000/-. D) Rs.3, 000/-. Show Answer Correct Answer: C) Rs.2, 000/-. 12. To encourage digital payments, all the government departments have to make e-payments to suppliers for bills above for Rs.5, 000/-. Which Ministry has been made responsible to monitor progress in this field? A) Ministry of Finance (MoF). B) Ministry of Electronics and Information Technology (MeitY). C) Reserve Bank of India, (RBI). D) None of the above. Show Answer Correct Answer: B) Ministry of Electronics and Information Technology (MeitY). 13. If a retail merchant generates minimum 50 transactions through BHIM app, he will be getting incentive of maximum Rs.1000/-per calendar month. What is the name of the scheme? A) BHIM-Cashback Scheme for merchants. B) BHIM-Referral Bonus Scheme for merchants. C) BHIM-Aadhaar Promotional Scheme. D) All of the above. Show Answer Correct Answer: A) BHIM-Cashback Scheme for merchants. 14. Oil Marketing companies are offering incentives for those who are using various digital payment systems. Who are the beneficiaries? A) The consumers & Merchants. B) Consumers. C) Consumers and the Acquirers. D) None of the above. Show Answer Correct Answer: B) Consumers. 15. What is the Income Tax assessment rules on turnover basis upto Rs.2 crores? A) 8% on cash Turnover. B) 6% on digital Turnover. C) Both First and Second Options are correct. D) Neither of First or Second option is correct. Show Answer Correct Answer: C) Both First and Second Options are correct. 16. ..... Has to choose suitable plot of accommodating his venture A) Manager. B) Entrepreneur. C) Promoter. D) Intrapreneur. Show Answer Correct Answer: B) Entrepreneur. 17. Stand up India was launched in A) 2017. B) 2018. C) 2015. D) 2016. Show Answer Correct Answer: C) 2015. 18. National skill development mission was unveiled in A) March 2015. B) July 2015. C) March 2014. D) September 2014. Show Answer Correct Answer: B) July 2015. 19. ..... is a foremost challenge facing India. A) New programmes. B) Innovation. C) Job creation. D) None of these. Show Answer Correct Answer: C) Job creation. 20. Digital Payment system which was the vision of Digital India, shall have the following qualities. A) Convenient, easy and affordable. B) Quick and secured. C) Both first and second option. D) Either first or second option. Show Answer Correct Answer: C) Both first and second option. 21. Entrepreneurs has to obtain ..... From the authority concerned A) Municipal license. B) Project report. C) Provisional registration certificate. D) None of these. Show Answer Correct Answer: A) Municipal license. 22. The ..... Initiative was launched to modernize the Indian economy to make all governments services available electronically. A) Stand-up India. B) Startup India. C) Digital India. D) Makein India. Show Answer Correct Answer: C) Digital India. 23. ..... Is the government of India's endeavour to promote culture of innovation and entrepreneurship. A) SEED. B) STEP. C) AIC. D) AIM. Show Answer Correct Answer: D) AIM. 24. Entrepreneurs requires ..... types of finance A) 4. B) 3. C) 2. D) 6. Show Answer Correct Answer: C) 2. 25. DigiShala-free educational channel in English, Hindi and other regional languages is conducted through Doordarshan an initiative of Government of India. What is the purpose of DigiShala? A) Increasing Digital Transactions. B) Creating Awareness for Digital Financial Inclusion and Access. C) Creating Awareness about various forms of electronic payments. D) Developing Apps for Digital Transactions. Show Answer Correct Answer: C) Creating Awareness about various forms of electronic payments. 26. Enterpreneur has to apply for A) Provisional registration certificate. B) Project report. C) Permanent registration certificate. D) Statutory license. Show Answer Correct Answer: A) Provisional registration certificate. 27. ..... Is designed to transform India to a global design and manufacturing hub A) Makein India. B) Digital India. C) Design India. D) Startup India. Show Answer Correct Answer: A) Makein India. 28. ..... Should cover aspects like sources of finance, technical know how, sources of labour and raw material, market potential and profitability. A) Progress report. B) Technical report. C) Project report. D) Finance report. Show Answer Correct Answer: D) Finance report. 29. Which Ministry of Government of India is entrusted with the responsibility of promoting the financial transactions digitally? A) Ministry of Information Technology (MoIT). B) Ministry of Banking (MoB). C) Ministry of Electronics & Information Technology (MeitY). D) Ministry of Finance (MoF). Show Answer Correct Answer: C) Ministry of Electronics & Information Technology (MeitY). Related QuizzesGovernance QuizzesIndian Polity Quizzes 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books