Disinvestment refers to: MCQ with Answer and Explanation

Question

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Disinvestment refers to:

A. foreign investment in defence

B. purchase of private sector equity by the government

C. borrowing from the IMF

D. sale of government equity in public sector enterprises

Answer: Option D

Solution (By JKSSB Mock Tests)

Disinvestment is the sale of government equity in public sector enterprises.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Rangarajan Committee' on poverty submitted its report in which year?

A. 2016

B. 2011

C. 2018

D. 2014

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Correct Answer: Option D

Explanation:
The Rangarajan Committee on poverty submitted its report in 2014.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on takeaway food from restaurants is:

A. 28%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Takeaway food from restaurants attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on sale of under-construction residential affordable housing is:

A. 1% without ITC

B. 5% without ITC

C. 18%

D. 12%

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Correct Answer: Option A

Explanation:
Affordable housing under construction attracts 1% GST without ITC.

This question belongs to: Economy GK Economy Set 1

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