The 'Central Board of Indirect Taxes and Customs' administers: MCQ with Answer and Explanation

Question
The 'Central Board of Indirect Taxes and Customs' administers:
A. income tax
B. corporate tax
C. GST, customs and indirect taxes
D. wealth tax
Answer: Option C
Solution (By JKSSB Mock Tests)
CBIC administers GST, customs and other indirect taxes.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The 'personal consumption expenditure price index' is commonly used in which country?
A. India
B. China
C. Japan
D. United States
Discuss
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Correct Answer: Option D

Explanation:
The PCE price index is a primary inflation measure in the US.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Data Economy' or 'Attention Economy'?
A. Only physical goods generate value
B. Only traditional manufacturing matters
C. Economic value is increasingly derived from the collection, analysis and monetisation of data and user attention
D. Data has no economic value
Discuss
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Correct Answer: Option C

Explanation:
In the data and attention economy, the ability to collect, process and monetise large volumes of personal and behavioural data, as well as to capture user attention, has become a central source of economic value.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'National Dairy Development Board' is headquartered in:
A. Delhi
B. Mumbai
C. Anand
D. Kolkata
Discuss
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Correct Answer: Option C

Explanation:
NDDB is headquartered in Anand, Gujarat.
This question belongs to: Economy GK Economy Set 1
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