The 'Demands for Grants' are part of: MCQ with Answer and Explanation

Question

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The 'Demands for Grants' are part of:

A. stock market

B. Union Budget

C. foreign trade policy

D. monetary policy

Answer: Option B

Solution (By JKSSB Mock Tests)

Demands for Grants are part of the Union Budget.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the Indian tax structure post-GST?

A. Only central taxes without state participation

B. Origin-based taxation without input credit

C. Destination-based consumption tax with input tax credit

D. Multiple cascading taxes on the same value addition

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Correct Answer: Option C

Explanation:
GST is a destination-based consumption tax that allows seamless input tax credit, thereby eliminating cascading and creating a unified market.

This question belongs to: Economy GK Economy Set 1

Question #2

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The term 'Soft Currency' refers to:

A. A currency that is not widely accepted internationally and may be unstable

B. Only the US dollar

C. Only gold-backed currency

D. A currency that is widely accepted and stable

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Correct Answer: Option A

Explanation:
A soft currency is one that is not widely used in international transactions and may experience frequent fluctuations or limited convertibility, in contrast to hard currencies like the US dollar or euro.

This question belongs to: Economy GK Economy Set 1