The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in: MCQ with Answer and Explanation

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The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in:

A. 1900

B. 1875

C. 1947

D. 1850

Answer: Option B

Solution (By JKSSB Mock Tests)

BSE was established in 1875.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' revenue from CGST is credited to:

A. state governments

B. Consolidated Fund of India

C. Contingency Fund

D. Public Account

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Correct Answer: Option B

Explanation:
CGST revenue is credited to the Consolidated Fund of India.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Financial Literacy' in India is promoted by RBI through:

A. tax collection

B. financial education initiatives and awareness campaigns

C. stock exchanges

D. import duties

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Correct Answer: Option B

Explanation:
RBI promotes financial literacy through various campaigns and initiatives.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' rate on education and health care is zero because:

A. they are luxury services

B. they are outside GST

C. they are taxed by states

D. they are considered essential services

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Correct Answer: Option D

Explanation:
Education and health care are essential services and are exempted.

This question belongs to: Economy GK Economy Set 1

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