The 'Banking Ombudsman' is appointed for a tenure of: MCQ with Answer and Explanation

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The 'Banking Ombudsman' is appointed for a tenure of:

A. 5 years

B. 1 year

C. 6 years

D. 3 years

Answer: Option D

Solution (By JKSSB Mock Tests)

Banking Ombudsmen are appointed for a three-year term.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'World Economic Forum' publishes the Global Gender Gap Report.

A. Only in alternate years

B. False

C. True

D. Only for developing countries

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Correct Answer: Option C

Explanation:
WEF publishes the Global Gender Gap Report.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on tobacco products is:

A. 18%

B. 0%

C. 28% plus cess

D. 12%

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Correct Answer: Option C

Explanation:
Tobacco products attract 28% GST plus additional cess.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' law in India comprises:

A. one Act

B. CGST Act, SGST Acts, UTGST Act and IGST Act

C. only IGST Act

D. only CGST Act

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Correct Answer: Option B

Explanation:
GST law comprises CGST, SGST, UTGST and IGST Acts.

This question belongs to: Economy GK Economy Set 1

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