A carbon tax is a tax on: MCQ with Answer and Explanation

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A carbon tax is a tax on:

A. electricity consumption only

B. emissions of carbon dioxide or carbon content of fuels

C. renewable energy

D. all imports

Answer: Option B

Solution (By JKSSB Mock Tests)

A carbon tax is levied on carbon emissions or the carbon content of fossil fuels.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on tea leaves is:

A. 0%

B. 12%

C. 18%

D. 5%

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Correct Answer: Option D

Explanation:
Tea leaves attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is NOT a type of public debt?

A. Tax revenue

B. Market borrowings

C. External debt

D. Internal debt

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Correct Answer: Option A

Explanation:
Tax revenue is a receipt, not debt. Public debt includes internal debt (market borrowings, treasury bills) and external debt.

This question belongs to: Economy GK Economy Set 1

Question #3

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The quantity theory of money is expressed by which equation?

A. S = I

B. Y = C + I

C. MC = MR

D. MV = PT

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Correct Answer: Option D

Explanation:
The quantity theory of money is expressed as MV = PT.

This question belongs to: Economy GK Economy Set 1

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