The 'Constitution (101st Amendment) Act, 2016' inserted which article for GST? MCQ with Answer and Explanation

Question

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The 'Constitution (101st Amendment) Act, 2016' inserted which article for GST?

A. Article 246A

B. Article 356

C. Article 280

D. Article 324

Answer: Option A

Solution (By JKSSB Mock Tests)

Article 246A was inserted by the 101st Amendment for GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'e-Way Bill' is generated on the GST portal for movement of goods whose consignment value exceeds:

A. Rs 50,000

B. Rs 1 lakh

C. Rs 25,000

D. Rs 5 lakh

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Correct Answer: Option A

Explanation:
E-way bill is required for goods movement valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Economic and Social Council' is one of the principal organs of:

A. United Nations

B. WTO

C. World Bank

D. IMF

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Correct Answer: Option A

Explanation:
The Economic and Social Council is a principal organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on services by diplomatic missions is:

A. exempt

B. 0%

C. 18%

D. 5%

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Correct Answer: Option A

Explanation:
Services by diplomatic missions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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