The 'Central Board of Direct Taxes' is a part of: MCQ with Answer and Explanation

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The 'Central Board of Direct Taxes' is a part of:

A. RBI

B. NITI Aayog

C. SEBI

D. Ministry of Finance

Answer: Option D

Solution (By JKSSB Mock Tests)

CBDT is part of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on renting of commercial property is:

A. 18%

B. 12%

C. 28%

D. 5%

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Correct Answer: Option A

Explanation:
Renting of commercial property attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on works contract services is:

A. 28%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option C

Explanation:
Works contract services generally attract 12% GST with ITC.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Sustainable Finance' encompasses:

A. Financial activities that take environmental, social and governance (ESG) factors into account in investment decisions

B. Only maximising short-term financial returns without regard to externalities

C. Only microfinance in rural areas

D. Only government budgetary finance

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Correct Answer: Option A

Explanation:
Sustainable finance refers to the process of taking environmental, social and governance considerations into account when making investment decisions, with the aim of supporting long-term sustainable economic activities.

This question belongs to: Economy GK Economy Set 1

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