The 'Administrative Tribunals' are established under which article? MCQ with Answer and Explanation

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The 'Administrative Tribunals' are established under which article?

A. Article 338

B. Article 329

C. Article 323A

D. Article 324

Answer: Option C

Solution (By JKSSB Mock Tests)

Administrative Tribunals are established under Article 323A.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The concept of 'Asymmetric Information' can lead to:

A. Efficient market outcomes always

B. Perfect competition

C. Adverse selection and moral hazard problems

D. Zero transaction costs

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Correct Answer: Option C

Explanation:
Asymmetric information, where one party has superior information, can result in adverse selection before contracting and moral hazard after contracting.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on readymade garments up to Rs 1,000 is:

A. 5%

B. 0%

C. 12%

D. 18%

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Correct Answer: Option A

Explanation:
Readymade garments up to Rs 1,000 attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate on footwear up to Rs 1,000 is:

A. 12%

B. 5%

C. 18%

D. 0%

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Correct Answer: Option B

Explanation:
Footwear up to Rs 1,000 attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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