The 'Directorate General of Goods and Services Tax Intelligence' deals with: MCQ with Answer and Explanation

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The 'Directorate General of Goods and Services Tax Intelligence' deals with:

A. income tax evasion

B. GST evasion and intelligence

C. customs only

D. corporate fraud

Answer: Option B

Solution (By JKSSB Mock Tests)

DGGI deals with GST evasion and intelligence.

This question belongs to: Economy GK Economy Set 1

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The 'National Human Rights Commission' is a:

A. private body

B. constitutional body

C. judicial body

D. statutory body

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Correct Answer: Option D

Explanation:
NHRC is a statutory body under the Protection of Human Rights Act, 1993.

This question belongs to: Economy GK Economy Set 1

Question #2

The Phillips curve shows an inverse relationship between:

A. money supply and price level

B. inflation and interest rates

C. inflation and unemployment

D. output and employment

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Correct Answer: Option C

Explanation:
The Phillips curve suggests a short-run trade-off between inflation and unemployment.

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Question #3

The 'India-UAE Comprehensive Economic Partnership Agreement' came into force in which year?

A. 2021

B. 2020

C. 2023

D. 2022

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Correct Answer: Option D

Explanation:
India-UAE CEPA came into force in May 2022.

This question belongs to: Economy GK Economy Set 1

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