The 'Central Goods and Services Tax' is levied by: MCQ with Answer and Explanation

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The 'Central Goods and Services Tax' is levied by:

A. GST Council

B. local bodies

C. state governments

D. central government

Answer: Option D

Solution (By JKSSB Mock Tests)

CGST is levied by the central government on intra-state supply.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Monetary Policy Committee' consists of how many members?

A. 4

B. 6

C. 10

D. 8

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Correct Answer: Option B

Explanation:
The Monetary Policy Committee has six members, including the RBI Governor.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'marginal propensity to consume' can never be greater than:

A. 1

B. infinity

C. 2

D. 0.5

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Correct Answer: Option A

Explanation:
MPC is the fraction of additional income consumed, so it ranges from 0 to 1.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Delhi-Mumbai Industrial Corridor' is being developed with cooperation from:

A. Germany

B. Japan

C. USA

D. France

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Correct Answer: Option B

Explanation:
The Delhi-Mumbai Industrial Corridor is being developed with Japanese cooperation.

This question belongs to: Economy GK Economy Set 1

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