DICGC provides deposit insurance up to which maximum amount per depositor per bank? MCQ with Answer and Explanation

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DICGC provides deposit insurance up to which maximum amount per depositor per bank?

A. Rs 10 lakh

B. Rs 1 lakh

C. Rs 5 lakh

D. Rs 2 lakh

Answer: Option C

Solution (By JKSSB Mock Tests)

DICGC insures deposits up to Rs 5 lakh per depositor per bank.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The e-way bill under GST is required for the movement of goods with a value exceeding:

A. Rs 1,00,000

B. Rs 10,000

C. Rs 2,00,000

D. Rs 50,000

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Correct Answer: Option D

Explanation:
An e-way bill is required for movement of goods valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on hotel accommodation above Rs 7,500 is:

A. 18%

B. 12%

C. 28%

D. 5%

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Correct Answer: Option A

Explanation:
Hotel rooms above Rs 7,500 attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of the informal sector in developing economies?

A. High degree of regulation

B. Easy entry, small scale and labour intensity

C. Complete absence of employment

D. High capital intensity and formal contracts

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Correct Answer: Option B

Explanation:
The informal sector is characterised by easy entry, small-scale operations, labour-intensive technology, lack of formal contracts and limited regulation.

This question belongs to: Economy GK Economy Set 1

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