The 'e-Pathshala' is an initiative for: MCQ with Answer and Explanation

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The 'e-Pathshala' is an initiative for:

A. digital textbooks and learning resources

B. tax payment

C. online banking

D. railway reservation

Answer: Option A

Solution (By JKSSB Mock Tests)

e-Pathshala provides digital textbooks and educational resources.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on renting of residential property for commercial use is:

A. 0%

B. 5%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Renting residential property for commercial use attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on bread is:

A. 12%

B. 5%

C. 18%

D. 0%

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Correct Answer: Option D

Explanation:
Bread is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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If nominal GDP is Rs 12,500 crore and real GDP is Rs 10,000 crore, the GDP deflator is:

A. 125

B. 80

C. 100

D. 150

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Correct Answer: Option A

Explanation:
GDP deflator = (12500/10000) × 100 = 125.

This question belongs to: Economy GK Economy Set 1

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