81. The amount of money paid by the borrower of a loan to the lender for using their money for a specific time is called.
(A) Interest
(B) Compound
(C) Capital
(D) Honorarium
Answer:
(A) Interest
Explanation:
Interest is the financial charge or cost paid by a borrower to a lender for the privilege of using borrowed money over a set period of time.
82. The term UPI stands for:
(A) Undivided Projection Interchange
(B) Unified Payout Intersection
(C) Unified Payments Interface
(D) Unified Permanent Interface
Answer:
(C) Unified Payments Interface
Explanation:
UPI stands for Unified Payments Interface, an instant real-time payment system developed by the National Payments Corporation of India (NPCI) for inter-bank transactions.
83. The ________ is a network of individuals, organizations, resources, activities and technology that are involved in the production and sale of goods.
(A) Domain Name System
(B) Supply chain
(C) Supplementary link
(D) Commodity
Answer:
(B) Supply chain
Explanation:
A supply chain represents the entire interconnected network of companies, individuals, and resources involved in the creation, production, and distribution of a product to the final buyer.
84. Which of the following is not a primary responsibility of businesses towards its workers and employees?
(A) Fair compensation
(B) Safe working conditions
(C) Skill development
(D) Low-cost tour packages
Answer:
(D) Low-cost tour packages
Explanation:
Fair compensation, a safe environment, and skill development are fundamental ethical and legal responsibilities of an employer. Providing tour packages is a voluntary, non-essential corporate perk.
85. Which among the following was the first to introduce mandatory Corporate Social Responsibility laws for companies to spend their profit on welfare and related activities?
(A) France
(B) United States
(C) India
(D) United Kingdom
Answer:
(C) India
Explanation:
With the passing of the Companies Act 2013, India became the first country in the world to legally mandate Corporate Social Responsibility (CSR), requiring eligible companies to spend 2% of their net profits on social welfare.
